This paper examines the process of technological development in developing countries. We aim to summarize the steps of innovation in such economies. To that end, we present some theoretical arguments and the practical case of Korea. The paper shows that the imitation of advanced technologies is an important learning process for the catching-up of latecomers, but it is not enough. An active innovation through domestic research and development is crucial for successful technological catch-up.
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In-Text Citation: (Loukil, 2019)
To Cite this Article: Loukil, K. (2019). Technological Development in Developing Countries: A Process of Imitation and R & D. International Journal of Academic Research in Business and Social Sciences, 9(11), 431–436.
Copyright: © 2019 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
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