Wake up and smell the ginseng
Subtitle: the rise of incremental innovation in low-wage countries
By: Diego Puga, Daniel Trefler.
Contributors: Trefler, Daniel.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11571; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11571.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Technological innovations -- Developing countries -- Econometric models.
Description: "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.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.