The institutional Embeddedness of Production Systems and the New Partnership for Africa´s Development (NEPAD)

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dc.contributor.author	Gammeltoft, Peter	en_US
dc.date.accessioned	2009-02-04T10:25:40Z
dc.date.available	2009-02-04T10:25:40Z
dc.date.issued	2003-12-10T00:00:00Z	en_US
dc.identifier.uri	http://hdl.handle.net/10398/6982
dc.description.abstract	While still short of being entirely mainstream there does appear to be a growing recognition in both policy circles and academia that economic development is not brought about by autonomous profitmaximising agents interacting anonymously through equilibrium markets.1 Rather, economic development is an inherently disequilibric process involving interactive and institutionally embedded processes in broader systems of firms, governments, research centres, universities, consultants, and other entities. These systems can tap into stocks of global knowledge and technologies, assimilate and adapt it to local circumstances, and create new knowledge or technologies. Such broader production systems are conceptualised in several different ways in the literature, e.g. Lundvall et al.’s ‘national innovation systems’, Richard Whitley’s ‘business systems’, and Sanjaya Lall’s concept of ‘industrial technology development’. This paper identifies and outlines four different systemic approaches to economic development. All four approaches have primarily been developed to address nationally based institutional systems in advanced economies. Both the ontological premises and the policy implications of these systemic approaches depart distinctly from the conventional orthodoxy on economic development as articulated in the ‘Washington Consensus’ and its later derivatives. The article goes on to explore which policy implications the adoption of such a systemic view might have for the New Partnership for Africa’s Development (NEPAD).	en_US
dc.format.extent	30 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	Working paper;2003-70	en_US
dc.subject.other	afrika	en_US
dc.subject.other	produktionsteori	en_US
dc.subject.other	udviklingsøkonomi	en_US
dc.subject.other	innovationssystemer	en_US
dc.title	The institutional Embeddedness of Production Systems and the New Partnership for Africa´s Development (NEPAD)	en_US
dc.type	wp	en_US
dc.accessionstatus	modt03dec10 inrumo	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Institut for Interkulturel Kommunikation og Ledelse	en_US
dc.contributor.departmentshort	IKL	en_US
dc.contributor.departmentuk	Department of Intercultural Communication and Management	en_US
dc.contributor.departmentukshort	ICM
dc.idnumber	x645151989	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2003	en_US
dc.title.subtitle	Lessond from East Asia	en_US