Cover -- Half-title page -- Reviews -- Title page -- Copyright page -- Contents -- List of Tables -- List of Figures -- Preface -- 1 Introduction -- 2 Different Mechanisms of Growth in Poor and Rich Nations and the Narrow Pathway in Between -- 2.1 Introduction -- 2.2 Diverse Sources of MIT (middle income trap) with Innovation as the Key Hurdle and Solution -- 2.3 Between the Two Aspects of Innovation: Technologies vs. Sciences -- 2.4 Two Failures and One Barrier to Upward Transition: Capabilities, Scale, and IPR -- 2.5 Need to Take a Detour and Try a New Path or Leapfrogging -- 3 The Three Detours and Capability-Building -- 3.1 Introduction -- 3.2 Several Ways to Cultivate Technological Capabilities -- 3.3 Detour One: From Imitative to Innovation -- 3.4 Detour Two: From Short-Cycle to Long-Cycle Technologies -- 3.5 Detour Three: More, Less, and More GVC Again -- 3.6 Summary and Concluding Remarks -- 4 Detour of Promoting Big Businesses and SMEs during Transition -- 4.1 Introduction -- 4.2 Understanding BGs -- 4.3 Growing BBs and Attaining Economic Catch-Up -- 4.4 How to Grow Globally Successful SMEs -- 4.5 Growth Detour of Latecomer Firms -- 5 Flying on a Balloon Out of the Windows of Opportunity -- 5.1 Introduction -- 5.2 Catch-Up Cycle Framework -- 5.3 Leadership Changes and Windows of Opportunity -- 5.4 Initial Conditions and Capabilities for Leadership Changes -- 5.5 The Role of Leapfrogging and Incumbent Traps -- 5.6 System-Level Responses for Leadership Changes -- 5.7 Extension to China and the Service Sector as the Next Catch-Up Cycle -- 5.8 Summary and Policy Implications -- 6 Recapitulation of the Art -- 6.1 Human Capacity-Based View on Economic Development -- 6.2 From Failures and Barriers to Detours and Leapfrogging -- 6.3 Two Black Boxes in the Economics of Catch-Up -- 6.4 Distinction, Contribution, and Limitations. 7 Practicing the Art in Late Latecomers -- 7.1 Introduction: Leapfrogging for Sustainable Development -- 7.2 From Detours to Leapfrogging in Africa -- 7.3 To Leapfrog beyond the Resource Curse in Latin America -- 7.4 Industry 4.0 and the Prospect of Leapfrogging in Southeast Asia -- 7.5 Size of Policy Space under the WTO Regime -- References -- Index.