The Economics Of Industrial Innovation

First Published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.

First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

First published in 1997. Massive technological development has changed the face of industry drammatically. This text provides an analysis of the trends and dynamics of innovation in industry. It has been updated with recent statistical information and examples. A new section explores the debate surrounding macroeconomics in an analysis of the impact of globalization on industrial change. This book covers such topics as: the rise of science-related technology; innovations and the firms; macroeconomics of innovation; and innovation and public policies.

Technical innovations and organizational innovations are of major importance for the competitive performance of firms and of nations and for the long term growth of the world economy. This area of economics has been subjected to an explosion of theoretical and empirical research during the last 30 years by economists in the United States and more recently their colleagues in Europe and Japan. This volume focuses attention on the most significant advances both in theoretical and empirical work published in leading journals of economics as well as in journals dealing with policies for science and technology. It covers all the major developments including evolutionary theory, strategies of firms, path dependency, diffusion of innovations and paradigm change.

In the new chapters they deal with the international dimensions of technological change including underdevelopment, technology transfer, international trade, and globalization. They have also strengthened the historical account of the rise of new technologies, a main feature of earlier editions.

Pt. 1. The ingredients -- pt. 2. The governance of localised technological knowledge -- pt. 3. The introduction of localised technological change.