There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living. Generically, underdeveloped and politicized institutions are a major impediment to a well-functioning creative destruction process, and result in sluggish creation...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2000/04/11
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Рабочие документы
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28200
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1
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1
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2010/07/01
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Creative destruction in development: institutions, crises, and restructuring
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creative destruction