Lund Papers in Economic History,
Lund University, Department of Economic History

Abstract: The world has been through several major crises since the beginning of the new millennium and the old-world order, with the US as hegemonic power, is challenged by the rise of China. There has been a reversal of, as well as directional change in, the globalization trend. A weakening of international collaboration is taking place against a backdrop of global challenges such as climate change, digital revolution and global inequality, challenges calling for coordinated action. Starting from a knowledge-based world system perspective, the paper reflects on, what this means for innovation and development strategies in the South. Which are the main threats and opportunities in the current era? Which lessons can be drawn from the rise of China? What are the implications for research agendas?

Keywords: world system theory; development theory; Wallerstein; Freeman; knowledge; innovation systems

JEL-codes: B52; O19; O30

Language: English

30 pages, June 22, 2023

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