AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min snip
Noah's new book topic, Evaluating Immigration, Saving Midwestern Cities
"Econ 102" with Noah Smith and Erik Torenberg
Economic Growth Strategies: Developed vs. Developing Countries
Developed countries focus on innovation and advancing the technological frontier, emphasizing research, development, and pioneering new business models. They rely heavily on creating new technologies rather than duplicating existing ones. In contrast, developing countries can accelerate their economic growth by leveraging technologies from developed nations, utilizing methods such as licensing, reverse engineering, or purchasing technologies, as seen in past practices by countries like Japan. However, modern technological complexity makes reverse engineering more challenging than in previous decades. For example, significant achievements in high-performance aerospace technologies, like jet engines, are primarily held by a few countries, illustrating a stark divide in capability between developed and developing nations. The ability to produce advanced machinery, such as wide-bodied aircraft, relies heavily on specialized knowledge and high-performance engineering, underscoring the importance of technology architecture in economic growth.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode