Economic catch up and technological leapfrogging : the path to development and macroeconomic stability in Korea 1. Introduction Part I catch up and leapfrogging at the economy level 2. Historical origins and initial conditions for economic catch up (with H.Y. Lee) 3. Korean model of catch up development: a capability based view 4. Intellectual property rights and technological catch up 5. From miracle to crisis and the mirage of the post crisis reform (with Chung Lee) 6. Maintaining macro stability for a crisis resilient growth in Korea (with H. Kim H.S. Song and J. Kim) 7. Is leapfrogging style reform possible in North Korea (with B.Y. Kim and I.S. Yee) Part II catch up and leapfrogging at the sector level 8. Catch up and leapfrogging in the 6 sectors in the 1980s and 1990s (with C. Lim) 9. Digital technology as a window of opportunity for leapfrogging: display industry (with C. Lim and W. Song) 10. Technological catch up in capital goods sector (with Y. Kim) Part III catch up and internationalization by big businesses and the SMEs 11. Samsung created in Korea and replicated overseas (with X. He) 12. Moving factories overseas and impacts on domestic jobs: case of Samsung (with M. Jung) 13. Catch up and path creating by SMEs: from OEM to OBM (with J. Kwak and J.Y. Song) 14. Sequential internationalization of the Korean SMEs in China (with H. Lee and J. Kwak). This book elaborates upon the dynamic changes to Korean firms and the economy from the perspective of catch up theory. The central premise of the book is that a latecomers sustained catch up is not possible by simply following the path of the forerunners but by creating a new path or leapfrogging. In this sense the idea of catch up distinguishes itself from traditional views that focus on the role of the market or the state in development. The author provides a comprehensive account of the micro and macro level changes deals with both firm and country level capabilities and explores the issue of macroeconomic stability to overcome financial crisis. The book demonstrates that at the firm level the focus is on innovation capabilities diversification internationalization and job creation. It goes on to examine the rise and upgrading of big businesses such as Samsung as well as the global success of SMEs. Comprehensive and illuminating this is an ideal book for students academics and researchers interested in the economics of development and technological innovation. It will also be a valuable source book for policy makers in international development agencies governments and the public sector