Publication:
Comment on “Different impacts of scientific and technological knowledge on economic growth: vontrasting science and technology policy in East Asia and Latin America”
Abstract
The Kim and Lee (2015) paper on the innovation experiences of East Asia and Latin America represents a refreshing attempt at relating the economic impact of science and technology (S&T) in the two regions to the S&T policies pursued, using econometric techniques. The authors show that East Asia has been more successful than Latin America in the application of S&T knowledge to grow economically. They conclude that the differences in the contributions of S&T to economic growth in the two regions are largely due to the adoption of what appears to be diametrically opposite policy approaches toward S&T. While the S&T policy impact could help explain the differences in the pace of economic growth in East Asia and Latin America, there is no suggestion that it is all entirely due to S&T policies per se. There is also a need to explain why there is such a contrasting S&T policy in the first place. In the literature, there are references to “East Asian values” as a driver of growth in East Asia, which may not correspond to “Latin American values” or the Spanish/Portuguese cultural influences that prevail in Latin America, although there is no hard evidence to support these assertions.
Keywords
Economic growth , Technology , Knowledge , East Asia , Latin America
Citation
Abdul Kareem, Mohamed Ariff (2015). Comment on “Different impacts of scientific and technological knowledge on economic growth: contrasting science and technology policy in East Asia and Latin America”. Asian Economic Policy Review, 10 (1), pp 69-70.
Publisher
Wiley