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1. Upgrading India's Electronics Manufacturing Industry: Regulatory Reform and Industrial Policy

Author:
Dieter Ernst
Publication Date:
02-2014
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
India faces a fundamental puzzle. The country is a leading exporter of information-technology services, including knowledge-intensive chip design. Yet electronics manufacturing in India is struggling despite a huge and growing domestic market and pockets of world-class capabilities. To examine this puzzle the World Bank commissioned this study in May 2013 on behalf of the Chief Economic Advisor, Government of India, Raghuram Rajan (now the governor of the Reserve Bank of India). Drawing on extensive survey questionnaires and interviews with key industry players (both domestic and foreign) and relevant government agencies, this study identifies major challenges India-based companies face in engaging in electronics manufacturing. The analysis culminates in detailed policy suggestions for regulatory reform and support policies needed to unblock barriers to investment in this industry and to fast-track its upgrading through innovation.
Topic:
Development, Economics, Globalization, Industrial Policy, International Trade and Finance, and Science and Technology
Political Geography:
South Asia and India

2. Global Trends of Multi-Factor Productivity

Author:
Jeong Yeon Lee
Publication Date:
03-2014
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Multi-factor productivity (MFP) compares the growth of gross domestic product with the growth of combined capital and labor inputs. The growth rate of MFP assumes theoretical significance because it represents the slope of the steady-state growth path, and hence is a major determinant of the long-term growth trend. This paper offers the balanced panel of the estimated growth rates of MFP for 24 OECD countries over 1986-2011. Based on the estimates of MFP growth, a number of notable trends in productivity growth are identified for the entire OECD area as well as three major economies – the United States, the Eurozone and Japan – within the OECD.
Topic:
Economics, Industrial Policy, International Trade and Finance, and Labor Issues
Political Geography:
United States, Japan, and Europe

3. Flexible Implementation: A Key to Asia's Transformation

Author:
Luke Simon Jordan and Katerina Koinis
Publication Date:
04-2014
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
Despite the region's economic growth over the last few decades, countries across Asia still face the complex challenge of structural transformation. Low-income economies must build formal industrial and service sectors from agricultural and informal bases; middle-income economies must move up the value chain; and high-income economies must continually generate new capabilities at the frontier of innovation.
Topic:
Development, Economics, Industrial Policy, and International Trade and Finance
Political Geography:
Asia

4. From Catching Up to Forging Ahead? China's Prospects in Semiconductors

Author:
Dieter Ernst
Publication Date:
10-2014
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
China's new strategy to upgrade its semiconductor industry (outlined in the "Guidelines to Promote National Integrated Circuit Industry Development," June 24, 2014), seeks to move from catching-up to forging ahead in semiconductors, by strengthening simultaneously China's integrated circuit (IC) design industry and domestic IC foundry services.
Topic:
Economics, Globalization, Industrial Policy, Markets, and Science and Technology
Political Geography:
China and Asia

5. Creating Korea's Future Economy: Innovation, Growth, and Korea-US Economic Relations

Author:
Sean P. Connell
Publication Date:
01-2014
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
The Korean government's "creative economy" agenda reflects growing consensus that Korea's future growth and prosperity depends on its ability to become a global leader in developing and commercializing innovative new products, services, and business models. To succeed, the Korean government must address regulatory, structural, educational, and cultural obstacles that have constrained Korea's ability to fully utilize its innovative capacities. This new emphasis on innovation brings Korea into closer alignment with the United States, which has long focused on innovation in its growth strategies. Moreover, it comes during the early stages of implementation of the US-Korea Free Trade Agreement (KORUS), which intersects with important areas of Korea's innovation framework policies. Policymakers, businesses, and researchers in both countries should examine potential new opportunities to increase cooperation around initiatives aimed at fostering innovation and growth, both within the bilateral context and at a global level.
Topic:
Economics, Industrial Policy, International Trade and Finance, Treaties and Agreements, and Bilateral Relations
Political Geography:
United States

6. Industrial Upgrading through Low-Cost and Fast Innovation—Taiwan's Experience

Author:
Dieter Ernst
Publication Date:
09-2013
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
This paper examines the forces that drive Taiwan's new strategy of "Upgrading through Low-Cost and Fast Innovation." The first section highlights characteristics of Taiwan's traditional "Global Factory" innovation model and examines the role of innovation policy in that model. Section 2 reviews fundamental weaknesses that define the requirements of Taiwan's new innovation strategy. Section 3 explores Taiwan's new strategy of "low-cost and fast innovation through domestic and global innovation networks." Finally, section 4 examines the role of government and key policies and initiatives in the IT industry.
Topic:
Government, Industrial Policy, and Science and Technology
Political Geography:
Israel and Taiwan

7. Standards, Innovation, and Latecomer Economic Development—A Conceptual Framework

Author:
Dieter Ernst
Publication Date:
09-2013
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
Little is known about the impact of standards on the economic development of countries which are latecomers to industrial manufacturing and innovation. Standardization is regarded primarily as a technical issue, and hence receives only limited high-level policy support.
Topic:
Development, Diplomacy, Health, Industrial Policy, and Labor Issues

8. Is the Information Technology Agreement Facilitating Latecomer Manufacturing and Innovation? India's Experience

Author:
Dieter Ernst
Publication Date:
11-2013
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
A defining characteristic of today's international trading system is that plurilateral trade agreements like the Information Technology Agreement (ITA) are gaining in importance relative to the gridlocked Doha round of multilateral trade negotiations. These more selective trade agreements pose new and so far little understood challenges for the governance of the international trading system, especially with regard to the distribution of liberalization gains among participants which differ in their stage of development, their institutions, and their resources and capabilities.
Topic:
Development, Economics, Industrial Policy, International Trade and Finance, and Science and Technology
Political Geography:
South Asia

9. Global Technology Sourcing in China's Integrated Circuit Design Industry: A Conceptual Framework and Preliminary Findings

Author:
Barry Naughton and Dieter Ernst
Publication Date:
08-2012
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
The paper examines the role of global technology sourcing, and its drivers and impacts in China's integrated circuit (IC) design industry. IC design is one of the priority targets of China's innovation policy, as codified especially in the ―Strategic Emerging Industries‖ initiative. At the same time, however, China's IC design industry is deeply integrated into the vertically disintegrated global semiconductor industry, through markets, investment and technology. The paper highlights a fundamental challenge for China's innovation strategy: How can China reconcile its primary objective of strengthening indigenous innovation with the benefits that it could reap from its deep integration into international trade and into global networks of production and innovation?
Topic:
Economics, Industrial Policy, International Trade and Finance, and Science and Technology
Political Geography:
China and Israel

10. America's Voluntary Standards System--A "Best Practice" Model for Innovation Policy?

Author:
Dieter Ernst
Publication Date:
02-2012
Content Type:
Working Paper
Institution:
East-West Center
Abstract:
For its proponents, America's voluntary standards system is a "best practice" model for innovation policy. Foreign observers however are concerned about possible drawbacks of a standards system that is largely driven by the private sector. There are doubts, especially in Europe and China, whether the American system can balance public and private interests in times of extraordinary national and global challenges to innovation.
Topic:
Development, Globalization, Industrial Policy, International Trade and Finance, Science and Technology, Intellectual Property/Copyright, and Governance
Political Geography:
China, America, and Europe