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Lesson Learned from Country Growth: Technology Catch Up and Leapfrogging


December 4, 2013

There is often a lack of perspective in the effort to “crack the code” about sustainable country growth. For example, countries as advanced as the United States were once underdeveloped. And, South Korea at the end of the Korean War had nothing to export except for human hair. Having spent some time in Seoul working with our partners, Samsung SDS, there has been significant growth in South Korea thanks to technology investment. And, like Taiwan, this growth did not follow the Washington Consensus dogma that is prevalent today.

There were some important lessons described by Professor Keun Lee of Seoul National University in discussions with Professors Calestous Juma and F.M. Scherer of the Harvard Kennedy School of Government.

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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