Book contents
- Innovation Systems, Policy and Management
- Innovation Systems, Policy and Management
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Abbreviations
- Introduction
- Part I Innovation Policy and Innovation Systems
- Part II Innovation in Developing and Emerging Countries
- 5 National Systems of Innovation in Developing Countries
- 6 Innovation, Credit Constraints, and National Banking Systems
- 7 Pro-Cyclical Dynamics of STI Investment in Mexico
- 8 Gaps in the Relative Efficiency of National Innovation Systems and Growth Performance across OECD and BRICS Countries
- 9 Differential Effects of Currency Undervaluation on Economic Growth in Mineral- vs Manufacturing-Exporting Countries
- Part III Regional Innovation Systems and Policies
- Part IV Innovation Management and its Links with Policy
- Index
- References
9 - Differential Effects of Currency Undervaluation on Economic Growth in Mineral- vs Manufacturing-Exporting Countries
Revealing the Source of the Vicious Procyclicality in the Resource-cursed South*
from Part II - Innovation in Developing and Emerging Countries
Published online by Cambridge University Press: 10 August 2018
Edited by
Book contents
- Innovation Systems, Policy and Management
- Innovation Systems, Policy and Management
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Abbreviations
- Introduction
- Part I Innovation Policy and Innovation Systems
- Part II Innovation in Developing and Emerging Countries
- 5 National Systems of Innovation in Developing Countries
- 6 Innovation, Credit Constraints, and National Banking Systems
- 7 Pro-Cyclical Dynamics of STI Investment in Mexico
- 8 Gaps in the Relative Efficiency of National Innovation Systems and Growth Performance across OECD and BRICS Countries
- 9 Differential Effects of Currency Undervaluation on Economic Growth in Mineral- vs Manufacturing-Exporting Countries
- Part III Regional Innovation Systems and Policies
- Part IV Innovation Management and its Links with Policy
- Index
- References
Summary
Manufacturing export-led growth has been regarded as the hallmark of the so-called Asian tigers, namely, South Korea, Singapore, Hong Kong, and Taiwan. Since the 1960s, resource-poor countries have outperformed resource-rich countries by a considerable margin (Auty 2001: 840). Fosu (1990)found that developing countries specializing in manufacturing achieved higher economic growth than those specializing in exporting primary goods (minerals). The World Bank (1993) report on the East Asian miracle de facto established manufacturing export-led growth as the standard growth prescription for developing countries. Razmi and Blecker (2008) stated that developing countries have significantly increased both their export orientation and the proportion of their exports in manufactured goods in the past two decades.
- Type
- Chapter
- Information
- Innovation Systems, Policy and Management , pp. 306 - 321Publisher: Cambridge University PressPrint publication year: 2018
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