<b>Innovation Transfer: Lessons from East Asian Technological Dynamism for Nigeria&apos;s Economic Development </b>

This study explores lessons for Nigeria's economic development drawn from the technological and economic successes of South Korea, Malaysia, and China. Examining the strategies employed by these East Asian nations reveals key factors contributing to their remarkable growth, including government-led industrialization, investments in education, export-oriented policies, and effective technology transfer initiatives. The findings underscore the significance of government intervention, skilled workforce development, global market participation, and adaptability to changing economic conditions. Recommendations for Nigeria encompass strengthening government leadership, prioritizing education and skill development, fostering export-oriented growth, facilitating technology transfer, and formulating adaptive long-term plans. Implementing these lessons can guide Nigeria towards sustainable economic growth, technological innovation, and enhanced global competitiveness.

Content

Author and article information

Journal

Title: ScienceOpen Preprints

Publisher: ScienceOpen

Publication date (Electronic preprint): 24 January 2024

Affiliations

[1 ] University of Nigeria, Nsukka;

Author notes

[* ]Email: james.conable@ 123456unn.edu.ng .

Author information

James Conable https://orcid.org/0000-0003-0944-0064

Article

DOI: 10.14293/PR2199.000675.v1

SO-VID: 8688aa86-eb1f-49d6-99c0-4c2bcf15ebc2

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This work has been published open access under Creative Commons Attribution License CC BY 4.0 , which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Conditions, terms of use and publishing policy can be found at www.scienceopen.com .

History

Date received : 24 January 2024

References

Baek Seung-Wook. Does China follow “the East Asian development model”? Journal of Contemporary Asia. Vol. 35(4):485–498. 2005. Informa UK Limited. [Cross Ref]
Balassa Bela. The Lessons of East Asian Development: An Overview. Economic Development and Cultural Change. Vol. 36(S3)1988. University of Chicago Press. [Cross Ref]
Branstetter Lee, Lardy Nicholas. China's Embrace of Globalization. 2006. National Bureau of Economic Research. [Cross Ref]
Li Chao, Gibson John. Rising Regional Inequality in China: Fact or Artifact? World Development. Vol. 47:16–29. 2013. Elsevier BV. [Cross Ref]
Clawson Patrick. Miracle or design? Lessons from the East Asian experience. Orbis. Vol. 39(1)1995. Elsevier BV. [Cross Ref]
Costantini Valeria, Monni Salvatore. Environment, human development and economic growth. Ecological Economics. Vol. 64(4):867–880. 2008. Elsevier BV. [Cross Ref]
ConclusionChina, the United States, and Global Order. p. 274–302. 2010. Cambridge University Press. [Cross Ref]
Hobday Mike. Innovation in Asian Industrialization: A Gerschenkronian Perspective. Oxford Development Studies. Vol. 31(3):293–314. 2003. Informa UK Limited. [Cross Ref]
Hsiao Frank S.T, Hsiao Mei-chu W. “Miracle Growth” in the Twentieth Century––International Comparisons of East Asian Development. World Development. Vol. 31(2):227–257. 2003. Elsevier BV. [Cross Ref]
Wu Hsiu-Ling, Chen Chien-Hsun. Changes in the foreign market competitiveness of East Asian exports. Journal of Contemporary Asia. Vol. 34(4):503–522. 2004. Informa UK Limited. [Cross Ref]
Li Jing, Xu Ying, Chiang Yat-Hung. Property Prices and Housing Affordability in China: A Regional Comparison. Journal of Comparative Asian Development. Vol. 13(3):405–435. 2014. IGI Global. [Cross Ref]
Kuznets Paul W.. An East Asian Model of Economic Development: Japan, Taiwan, and South Korea. Economic Development and Cultural Change. Vol. 36(S3)1988. University of Chicago Press. [Cross Ref]
Lin Justin Yifu. New Structural Economics: A Framework for Rethinking DevelopmentNew Structural Economics. p. 11–80. 2012. The World Bank. [Cross Ref]
McDonald Scott, Robinson Sherman, Thierfelder Karen. Asian Growth and Trade Poles: India, China, and East and Southeast Asia. World Development. Vol. 36(2):210–234. 2008. Elsevier BV. [Cross Ref]
Page John. The East Asian Miracle: Four Lessons for Development Policy. NBER Macroeconomics Annual. Vol. 9:219–269. 1994. University of Chicago Press. [Cross Ref]
Rethinking the East Asian Miracle. 2001. The World Bank. [Cross Ref]
Wade Robert Hunter. Is Globalization Reducing Poverty and Inequality? World Development. Vol. 32(4):567–589. 2004. Elsevier BV. [Cross Ref]
Yoo Yoon Ha. The East Asian Miracle: Export-led or Investment-led? SSRN Electronic Journal. Elsevier BV. [Cross Ref]
Zafar Ali. Learning From The Chinese Miracle : Development Lessons For Sub-Saharan Africa. 2010. The World Bank. [Cross Ref]

Comments

Comment on this article

[1] Baek Seung-Wook. Does China follow “the East Asian development model”? Journal of Contemporary Asia. Vol. 35(4):485–498. 2005. Informa UK Limited. [Cross Ref]

[2] Balassa Bela. The Lessons of East Asian Development: An Overview. Economic Development and Cultural Change. Vol. 36(S3)1988. University of Chicago Press. [Cross Ref]

[3] Branstetter Lee, Lardy Nicholas. China's Embrace of Globalization. 2006. National Bureau of Economic Research. [Cross Ref]

[4] Li Chao, Gibson John. Rising Regional Inequality in China: Fact or Artifact? World Development. Vol. 47:16–29. 2013. Elsevier BV. [Cross Ref]

[5] Clawson Patrick. Miracle or design? Lessons from the East Asian experience. Orbis. Vol. 39(1)1995. Elsevier BV. [Cross Ref]

[6] Costantini Valeria, Monni Salvatore. Environment, human development and economic growth. Ecological Economics. Vol. 64(4):867–880. 2008. Elsevier BV. [Cross Ref]

[7] ConclusionChina, the United States, and Global Order. p. 274–302. 2010. Cambridge University Press. [Cross Ref]

[8] Hobday Mike. Innovation in Asian Industrialization: A Gerschenkronian Perspective. Oxford Development Studies. Vol. 31(3):293–314. 2003. Informa UK Limited. [Cross Ref]

[9] Hsiao Frank S.T, Hsiao Mei-chu W. “Miracle Growth” in the Twentieth Century––International Comparisons of East Asian Development. World Development. Vol. 31(2):227–257. 2003. Elsevier BV. [Cross Ref]

[10] Wu Hsiu-Ling, Chen Chien-Hsun. Changes in the foreign market competitiveness of East Asian exports. Journal of Contemporary Asia. Vol. 34(4):503–522. 2004. Informa UK Limited. [Cross Ref]

[11] Li Jing, Xu Ying, Chiang Yat-Hung. Property Prices and Housing Affordability in China: A Regional Comparison. Journal of Comparative Asian Development. Vol. 13(3):405–435. 2014. IGI Global. [Cross Ref]

[12] Kuznets Paul W.. An East Asian Model of Economic Development: Japan, Taiwan, and South Korea. Economic Development and Cultural Change. Vol. 36(S3)1988. University of Chicago Press. [Cross Ref]

[13] Lin Justin Yifu. New Structural Economics: A Framework for Rethinking DevelopmentNew Structural Economics. p. 11–80. 2012. The World Bank. [Cross Ref]

[14] McDonald Scott, Robinson Sherman, Thierfelder Karen. Asian Growth and Trade Poles: India, China, and East and Southeast Asia. World Development. Vol. 36(2):210–234. 2008. Elsevier BV. [Cross Ref]

[15] Page John. The East Asian Miracle: Four Lessons for Development Policy. NBER Macroeconomics Annual. Vol. 9:219–269. 1994. University of Chicago Press. [Cross Ref]

[16] Rethinking the East Asian Miracle. 2001. The World Bank. [Cross Ref]

[17] Wade Robert Hunter. Is Globalization Reducing Poverty and Inequality? World Development. Vol. 32(4):567–589. 2004. Elsevier BV. [Cross Ref]

[18] Yoo Yoon Ha. The East Asian Miracle: Export-led or Investment-led? SSRN Electronic Journal. Elsevier BV. [Cross Ref]

[19] Zafar Ali. Learning From The Chinese Miracle : Development Lessons For Sub-Saharan Africa. 2010. The World Bank. [Cross Ref]

Innovation Transfer: Lessons from East Asian Technological Dynamism for Nigeria's Economic Development