Technology, Trade Specialization and Development: Jumping to Technology Development Era

Abstract

Developing countries often are characterized as producers and exporters of a few types of natural resource based goods. Intuition dictates that these countries should change their strategy from being merely merchandise producers to technology developers in order to experience higher level of development. Hence, the study analyses the effect of technology production and export specialization on the per capita income and growth of some countries in West and East Asia and the Pacific and investigates their behavior in this regard. Moreover, some recommendations are drawn for East- West Asian economic relationships from these results.Technology, International Trade, Development, Comparative Advantage