Escaping Middle Income Trap–why and how?
Middle income trap refers to failing to transition to high-income status due to rising labor costs and declining competitiveness. As conventional means such as investment in infrastructure and education fail…
Growth Economics
40 posts
Winning Chip War–fuelling reinvention waves for changing world order
For increasing dependence on the import of semiconductors, the USA finds it a security issue. Hence, the USA signed the Chips act, triggering Chip War. This act has set aside…
Semiconductor Economics–will Chiplet era slow down the growth?
Over the last few decades, we all got overwhelmed by the growth rate of smartphones, digital cameras, the internet, PC, and many more products. We have also been making projections…
Sustained Growth — how to attain?
From smartphones to automobiles, a few products have been enjoying sustained growth over the decades. Similarly, firms like Apple, Toyota, and a few others engaged in making them have also…
Middle Income Trap–how to escape?
Intelligent opening of idea economy in leveraging natural resources, labor and knowledge offers middle trap escaping option.
LED light bulb invention – Nichia rises due to GE’s decision failure
Why does the LED light bulb invention make Nichia a success and GE failure? For almost 100 years, Edison’s company General Electric (GE) was the global leader in the ever-growing…
Economic Growth Theories –Inadequacy for Innovation
We all are after economic growth for getting rid of scarcity. But, limited natural resources cannot offer endless growth. Hence, we have been after Innovation for exploiting ideas to derive…
Technology Innovations in Kondratiev Waves
The casualty of technology innovations in Kondratiev Waves offers us valuable insights for prediction and investment decision-making. However, so far the needed cause and effect does not appear to be…
Technology Transfer for Development Myth
The technology gap is the determinant between rich and poor countries. The solution could be to transfer technologies. However, access to technology and how to use them do not make…
Developing Countries to Succeed in Innovation
To attain sustained growth capability, developing countries must succeed in Innovation. However, how to make and measure progress? The ultimate measure is to keep making progress in generating ideas and…
Education without Passion Stalls Development—lessons from the history
The Passion for Perfection leads to the production of ideas and their integration into products and processes. Subsequently, it leads to offering us increasingly better products at less cost to…
Craftsmanship to Creative Wave of Destruction—a strategy for profiting from ideas
The world is now divided into two halves-object and ideas suppliers. Ideas are getting far more powerful than objects, like natural resources and labor, for creating new Wealth. Object suppliers…