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Largest reason why Asia caught up with US is openness. Open economies gain.
openness can be in the form of technological capital.
Givers of technological capital win too. Not zero sum game, enlarges production function
Samsung biggest overseas operation is in texas austin and finland - dell and nokia. Have to be where the action is.
Biggest value capture is in the downstream component of parts accrued to these overseas ops back in korea, spinoffs by korea engineers who learn from dell and nokia and spinoff in korea.
openness can be in the form of technological capital.
Givers of technological capital win too. Not zero sum game, enlarges production function
Samsung biggest overseas operation is in texas austin and finland - dell and nokia. Have to be where the action is.
Biggest value capture is in the downstream component of parts accrued to these overseas ops back in korea, spinoffs by korea engineers who learn from dell and nokia and spinoff in korea.
