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Learning and Technological Change pp 172–197Cite as

Palgrave Macmillan

Learning and the Dynamics of International Competitive Advantage

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Abstract

To produce goods and services requires knowledge. To acquire knowledge requires learning. Given a society’s endowment of physical resources, the more it learns, the greater its productive potential. Learning can enable producers to use existing technologies more effectively. Learning can also enable producers to discover ways to substitute for those resources with which they are meagrely endowed. Learning, therefore, can both improve a society’s productivity on the basis of available technologies and its ability to generate new technologies.

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Authors
  1. William Lazonick
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Editor information

Editors and Affiliations

  1. University of Vermont, Burlington, USA

    Ross Thomson (Associate Professor of Economics) (Associate Professor of Economics)

Copyright information

© 1993 Ross Thomson

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Lazonick, W. (1993). Learning and the Dynamics of International Competitive Advantage. In: Thomson, R. (eds) Learning and Technological Change. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22855-3_10

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