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Posted by m beduya on March 26, 2011 · 1 Comment
Yesterday, McKinsey published Global cities of the future showing the 600 cities that will account for more than 60% of global GDP growth by 2025. From the article, I derived McKinsey’s current thinking behind the report – a disturbing though not surprising insight to me – that Manila will stay a laggard among its peer [...]
Filed under Discovering economic locomotives and attaining competitiveness through modern industrial policy, Geographic Clusters - ASEAN, Sectors, Regions and Cities · Tagged with China, co-evolution, Dani Rodrik, India, Indonesia, industrial policy, innovation systems, Joseph Schumpeter, Manila, McKinsey, Philippines, productivity, Vietnam
Posted by m beduya on February 24, 2011 · 2 Comments
In 2010, researchers using spectral analysis published a paper that claims significant statistical proof that Kondratieff Waves exist and that its period is 52-53 years. This proof supports Nikolai Kondratieff’s predictions first presented in 1925 that Joseph Schumpeter also studied in his 1939 book Business Cycles. Further, this proof raises some rhetorical questions like: [...]
Filed under Changes in Science, Technology and Engineering from Research, Development, Invention and Optimization · Tagged with business cycle, emerging markets, endogenous technological change, Germany, increasing returns, innovation systems, Japan, Joseph Schumpeter, Kondratieff waves, long wave, Spectral analysis
Posted by m beduya on February 7, 2011 · 5 Comments
Major crises in the real world have buffeted theoretical economics as social science through the two centuries of its existence. In the manner of the self-healing free markets that it describes, it went through major early adjustments from the classical like the marginalist and Keynesian adaptations to the multiple branches today in order to adapt [...]
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy · Tagged with Alfred Marshall, co-evolution, Dani Rodrik, development economics, Douglass North, endogenous technological change, evolutionary economics, increasing returns, industrial policy, John Maynard Keynes, Joseph Schumpeter, neoclassical economics, Peter Galison, Richard Nelson, Thomas Kuhn
Posted by m beduya on January 27, 2011 · 2 Comments
At a symposium hosted by the Ateneo School of Government, Leon Trotsky and Max Weber hovered like ghosts in the throng. Their apparitions seem to glower mischievously with each repeated paraphrase of the statement: “The State has the monopoly in the use of ‘legal’ violence” [in its territory]. Speakers and participants seemed to take that [...]
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy, Social Innovation · Tagged with co-evolution, counterfactual, election-related violence, emerging markets, innovation systems, Joseph Schumpeter, Leon Trotsky, Max Weber, Social Innovation, SYNTHESiST
Posted by m beduya on January 25, 2011 · 2 Comments
From 1996, when his book Beyond Growth was published, Herman Daly was considered the dean of “ecological economics.” I like two insights from the book that I take as “jolt[s] to conventional thinking”: finitude that I prefer to call finiteness and use as a more optimistic starting point for opportunities from innovation, and a clear [...]
Filed under Books and Journals, Changes in Environment and Need for Sustainability · Tagged with China, ecological economics, emerging markets, entropy, ethico-social, finitude, herman daly, innovation, Joseph Schumpeter, Opportunity, Richard Nelson, sustainability
Posted by m beduya on January 20, 2011 · 3 Comments
I have the kernel of a growth framework that can work for firms. It looks like a general framework for emerging markets development that I have been working on in SYNTHESiST for the past two years. I realized this while preparing for a brief talk on innovation and strategy with a leading multinational firm. This [...]
Filed under Adjacencies in Value Chains - Business Model x Technology, Convergence of Technologies - Technology x Business Model · Tagged with adjacency, business model, business model innovation, co-evolution, competitiveness, Convergence, emerging markets, endogenous technological change, general purpose technologies, increasing returns, innovation systems, Joseph Schumpeter, productivity, Social Innovation, technology-enabler
Posted by m beduya on January 9, 2011 · 4 Comments
Engaging in basic science research is sexy but not practical as the basis of development for the Philippines. Note that science, technology and even innovation have different goals and means and affect different constituencies and incentives or penalties, as policy areas. I believe it is in the mis-appreciation of these differences as they affect policy [...]
Filed under Books and Journals, Changes in Science, Technology and Engineering from Research, Development, Invention and Optimization, Discovering economic locomotives and attaining competitiveness through modern industrial policy · Tagged with appreciative theory, China, Christopher Freeman, complementarities, diffusion, emerging markets, general purpose technologies, GLOBELICS, innovation systems, Joseph Schumpeter, scan-adapt-diffuse, technology-enabler
Posted by m beduya on January 8, 2011 · 7 Comments
I picked up my Christmas reading only this week; they got caught up in the Christmas rush getting to New York. I bought the three books to fill up gaps in the development framework for emerging markets that I am trying to cobble up in the context of today’s fast moving technology environment. Briefly, from [...]
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy, National Innovation Systems, Social Innovation · Tagged with catch-up, co-evolution, embeddedness, emerging markets, Friedrich List, industrial policy, innovation systems, Joseph Schumpeter, new institutional economics, Oliver Williamson, Patriotism, productivity
Posted by m beduya on November 30, 2010 · 1 Comment
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy, National Innovation Systems · Tagged with Bass Diffusion Model, catch-up, China, co-evolution, competitiveness, diffusion, emerging markets, endogenous technological change, Everett Rogers, increasing returns, India, industrial policy, innovation systems, Joseph Schumpeter, Nathan Rosenberg, Richard Nelson
Posted by m beduya on November 20, 2010 · 1 Comment
Economic growth, especially those that add net value-added or productivity, is of special interest to emerging markets as they provide a general improvement in living standards for all citizens. This economic growth is the foundation on which the special case of catch-up, that I wrote about in the preceding post, rests. Catch-up happens when governments, [...]
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy, National Innovation Systems · Tagged with Bengt-Ake Lundvall, catch-up, DUI-Learning, Economic growth, emerging markets, evolutionary economics, GLOBELICS, innovation, innovation systems, Joseph Schumpeter, Kenneth Arrow, Nathan Rosenberg, neoclassical economics, Paul Romer, Philippines, productivity
Posted by m beduya on November 15, 2010 · 2 Comments
This is a great book for someone looking at innovation from a theoretical, evolutionary economics standpoint – the papers are good focusing devices for guiding a practical strategy for a country like the Philippines that must be finally defined by local context. The book looks at innovation mainly from a social science point of view [...]
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy, National Innovation Systems · Tagged with catch-up, China, competitiveness, emerging markets, entrepreneur, evolutionary economics, India, innovation systems, Jan Fagerberg, Joseph Schumpeter, SYNTHESiST
Posted by m beduya on November 9, 2010 · 5 Comments
The 8th GLOBELICS jumped right into its first order of business in the plenary and in Track 1 of the parallel sessions, “Innovation for the Poor [and Inclusive Development].” This after doing the right first thing in the memorial to Christopher Freeman. The highlight in the Innovation for the Poor track was the special panel [...]
Filed under Books and Journals, Discovering economic locomotives and attaining competitiveness through modern industrial policy, National Innovation Systems · Tagged with appreciative theory, Bengt-Ake Lundvall, China, Christopher Freeman, co-evolution, emerging markets, GLOBELICS, inclusive development, India, innovation for the poor, innovation systems, Joseph Schumpeter, productivity, Rajeswari Raina, Richard Nelson, Robert Solow, Shulin Gu
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