Welcome to The Business in Development Podcast; a podcast brought to you by the Centre for Business and Development Studies at Copenhagen Business School.
With this podcast, we wish to bring you the latest insights from our research on the roles of business, government, and civil society in promoting inclusive and sustainable development in the global South.
In each episode, you will meet one of our colleagues and their guests, who will present their take on pressing development issues. With this podcast, we wish to create a platform for a wide variety of actors and to combine conversations with thought leaders, practitioners, world-leading experts, and voices from the field.
Thank you for listening to this podcast. In order to improve our podcast and reach those who can benefit from our podcast, we really appreciate your input and help, in the form of reviews and likes. If you simply wish to stay in the loop or participate, please subscribe to our podcast or follow us on our website www.cbs.dk/cbds or LinkedIn.
This podcast is funded by the Centre for Business and Development Studies at Copenhagen Business School.
Music: "Last Look" by Crowander
Welcome to The Business in Development Podcast; a podcast brought to you by the Centre for Business and Development Studies at Copenhagen Business School.
With this podcast, we wish to bring you the latest insights from our research on the roles of business, government, and civil society in promoting inclusive and sustainable development in the global South.
In each episode, you will meet one of our colleagues and their guests, who will present their take on pressing development issues. With this podcast, we wish to create a platform for a wide variety of actors and to combine conversations with thought leaders, practitioners, world-leading experts, and voices from the field.
Thank you for listening to this podcast. In order to improve our podcast and reach those who can benefit from our podcast, we really appreciate your input and help, in the form of reviews and likes. If you simply wish to stay in the loop or participate, please subscribe to our podcast or follow us on our website www.cbs.dk/cbds or LinkedIn.
This podcast is funded by the Centre for Business and Development Studies at Copenhagen Business School.
Music: "Last Look" by Crowander

As the world embraces industrial policies once relegated to the dustbin of history by mainstream economists and policymakers, we need a more rigorous understanding of how they work across various national policy spheres. In this episode, Prof. Keun Lee from Seoul National University discusses his Schumpeterian approach to economic development with Prof. Lindsay Whitfield, Dr. Cornel Ban and Dr. Tobias Wuttke.
Prof. Lee emphasizes the importance of building up local firm capabilities and localizing technology after initial reliance on foreign technology, through public-private partnerships and tax incentives to encourage research and development. This was how South Korea and Taiwan did it in the past and it is still relevant in times of global value chains and still relevant for the challenges that Eastern and Southern Europe face regarding foreign direct investment. Countries have to manage the transition from growth led by foreign direct investment to growth led by local firms and local proprietary assets and technologies.