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Wake up and smell the ginseng : the rise of incremental innovation in low-wage countries

Author: Diego Puga; Daniel Trefler; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2005.
Series: Working paper series (National Bureau of Economic Research), no. 11571.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
"Increasingly, a small number of low-wage countries such as China and India are involved in innovation -- not 'big ideas' innovation, but the constant incremental innovations needed to stay ahead in business. We provide some evidence of this new phenomenon and develop a model in which there is a transition from old-style product-cycle trade to trade involving incremental innovation in low-wage countries. We explain  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Diego Puga; Daniel Trefler; National Bureau of Economic Research.
OCLC Number: 61321511
Notes: August 2005.
Title from first page of PDF document.
Description: 1 online resource (42 p.) : ill. (some col.)
Series Title: Working paper series (National Bureau of Economic Research), no. 11571.
Responsibility: Diego Puga, Daniel Trefler.

Abstract:

"Increasingly, a small number of low-wage countries such as China and India are involved in innovation -- not 'big ideas' innovation, but the constant incremental innovations needed to stay ahead in business. We provide some evidence of this new phenomenon and develop a model in which there is a transition from old-style product-cycle trade to trade involving incremental innovation in low-wage countries. We explain why levels of involvement in innovation vary across low-wage countries and even across firms within each low-wage country. We then draw out implications for the location of production, trade, capital flows, earnings and living standards"--National Bureau of Economic Research web site.

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