Abstract
Technological progress, along with high levels of investment, has been an integral part of the process of economic development in Japan, and has contributed to economic growth. A broad implication drawn from the Japanese experience is that technical progress has played a decisive role in economic development. Efforts for technological development have ranged from simple acquisition of foreign technology to improvements in imported technology, and to the development of its own competitive technology. Without this cumulative process of acquisition, adaptation and development of new technologies, economic development in a country poor in resources like Japan could not have taken place.
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© 1995 RyĆshin Minami, Kwan S. Kim, Fumio Makino and Joung-hae Seo
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Minami, R., Kim, KS., Makino, F., Seo, Jh. (1995). Concluding Reflections: Lessons from the Japanese Experience. In: Minami, R., Kim, K.S., Makino, F., Seo, Jh. (eds) Acquiring, Adapting and Developing Technologies. Studies in the Modern Japanese Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23775-3_13
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DOI: https://doi.org/10.1007/978-1-349-23775-3_13
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