The Problem of Catch-Up in Developing Countries at the Level of the Essay

The Problem of Catch-Up in Developing Countries at the Level of the Nike In Relation To a Firm Level - Essay ExampleAccording to the research findings, the latter half of the 20th degree Celsius saw dramatic growth in industrial production and in the mass consumption in developing nations. The growth of industrial output in countries like China and India during this period was robust and to whatever extent, the process of catching-up also began in the technological field. The process is thus called imitation to innovation approach. This took place for the most part in traditional industries such as textiles and clothing and the earlier product generations of the machine hawkshaw and consumer electronics industries. Globalization has become increasingly important in determining the rate of economic growth, with estimations that emerging markets entrust account for a larger piece of the world economy by 2020. Studies suggest that the shift of effortful production processes from re gions like Western Europe to lower-cost economies will continue. In fact, it was during the 1980s that development theorists and practitioners began to re-conceptualize the catching up process, from one based primarily on the transfer of technology to one of learning to produce type products efficiently. Evidence for the success of such a strategy was found in the growth of manufactured exports, notably from the Asian tigers. The indigenous manufacturing capabilities of such affordable economies too are on an upward journey. These countries had progressively climbed the consort in traditional industries such as textiles and clothing. This trend kept going even in consumer electronics, from low-cost assemblers of finished products to producers of higher value-added products, original equipment manufacturer (OEM) and, in a couple of cases, own brand manufacturers who had know the process from product conceptualization to the market.