{"product_id":"creative-accumulation-jeong-dong-lee-9780197853368","title":"Creative Accumulation: Lessons from Korea's Path Out of the Middle Innovation Trap","description":"\u003cem\u003eCreative Accumulation\u003c\/em\u003e examines how nations build the capabilities required for sustained technological leadership, moving beyond simple catch-up growth. Drawing on Korea's long-term development experience, Jeong-Dong Lee introduces the concept of the \"middle innovation trap\", a condition in which countries achieve high levels of implementation capability yet struggle to generate original concepts, architectures, and design leadership. \u003cp\u003e\u003c\/p\u003eThe book argues that original concept design is not the product of individual genius or sudden breakthroughs but the outcome of creative accumulation. Creative accumulation requires posing bold question, persistently accumulating trial-and-error experiences, and scaling up from ideas to viable outcomes. Integrating insights from innovation theory, evolutionary economics, and industrial policy, Jeong-Dong Lee shows how these processes of creative accumulation enable nations to become technology leaders. \u003cp\u003e\u003c\/p\u003eAlthough the book draws its evidence from the trajectory of Korean industry and technology, Korea's experience represents a compelling and instructive case of a broader developmental process. Drawing on decades of engagement with government and business, Lee shows that countries which fail to build solid implementation capability tend to fall into the middle income trap. Yet even countries that escape this may encounter the middle innovation trap if they fail to develop concept design capability, resulting in renewed stagnation. To transition out of this phase demands sustained, national-level efforts from firms, governments, and institutions. \u003cem\u003eCreative Accumulation\u003c\/em\u003e offers concrete policy prescriptions for overcoming the middle innovation trap, grounded in coordinated, mission-oriented, and long-term strategies that can guide nations at every stage of development.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Jeong-Dong Lee\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0197853366\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780197853368\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/15\/2026\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 248\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover","brand":"Jeong-Dong Lee","offers":[{"title":"Hardcover","offer_id":49084112503039,"sku":"9780197853368","price":105.0,"currency_code":"USD","in_stock":false}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/creative-accumulation-jeong-dong-lee-9780197853368","provider":"WR Book House","version":"1.0","type":"link"}