Sources of Technological Divergence between Developed and Less Developed Economies

24 Pages Posted: 4 Jul 2004

See all articles by Raaj Kumar Sah

Raaj Kumar Sah

University of Chicago

Joseph E. Stiglitz

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Multiple version iconThere are 2 versions of this paper

Date Written: October 1990

Abstract

Developed and less developed countries differ in numerous ways. Incomes per head are different, capital stocks are different, the levels of education of their citizens differ. Whether a cause or consequence of these differences, some of the most salient differences are related to technological change and innovation. Firms in many developed countries appear to be constantly looking around for new technologies, for better and more efficient ways of doing things; firms in the newly industrialized countries (NICs) and those LDCs aspiring to become NICs appear to be searching among available technologies for those which will most improve their productivity, while firms in the less successful LDCs are often slow to abandon the traditional ways of doing things. Though exceptions to this polar characterization can be found, the fact remains that the technological gap between many poorer LDCs and the developed countries has not significantly narrowed over the past 50 years.

JEL Classification: 11

Suggested Citation

Sah, Raaj Kumar and Stiglitz, Joseph E., Sources of Technological Divergence between Developed and Less Developed Economies (October 1990). NBER Working Paper No. R1455. Available at SSRN: https://ssrn.com/abstract=227487

Raaj Kumar Sah (Contact Author)

University of Chicago ( email )

Chicago, IL 60637
United States
+1 773 288 1117 (Phone)

Joseph E. Stiglitz

Columbia Business School - Finance and Economics ( email )

3022 Broadway
814 Uris Hall
New York, NY 10027
United States
(212) 854-0671 (Phone)
(212) 662-8474 (Fax)

HOME PAGE: http://www.josephstiglitz.com

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
59
Abstract Views
1,070
rank
300,952
PlumX Metrics