This book is a collection of the best papers presented at the Seventh International Conference on the Management of Technology held in Orlando, Florida, February 16th to 20th 1998. All papers were evaluated by at least two referees and both referees needed to agree on the high quality of a paper for it to be included in these proceedings. The papers cover a vast array of topics and the authors come from the four corners of the globe. This is a strong indication that technology management is a very real preoccupation in many countries.
The book is divided into four major sections. The first section brings together the conceptual papers, papers that deal with the management of technology as a whole, its definition, its evolution, its applications, and some of its specificities. The second section embraces other preoccupations with a very fundamental, recurring issue in the field: management of research and development, which continues to be a major concern for companies, governments and industries. The third and largest section includes papers on innovation and technology transfer. In a world where regional disparities are great, technology transfer constitutes an important lever that can be used to narrow the gap between the rich and poor countries. The topic of commercialization, or how to profit from innovation, is dealt with in the last section of the book.

In this volume, three respected business leaders examine fundamental issues involving American business and the economy. Michael J. Solomon, President, Warner Brothers International Television Distribution, addresses international telecommunications, describing its growth and significance and highlighting the changes to come with new technologies such as HDTV and laser disk technology. Edward E. Barr, President and Chief Executive Officer, Sun Chemical Corporation and DIC Americas, Inc., outlines an industrial strategy to help maintain America's competitive economic position and an education strategy that reworks a major precept--the priority and purpose of educating our youth. Finally, Shelley Schwab, President, MCA TV Universal Studios, examines television in the nineties and the ramifications of new approaches to the medium, including interactive programming, video on demand, and virtual reality. The Joseph I. Lubin Memorial Lectures were established through the generosity of the late Joseph I. Lubin, a distinguished business, philanthropic, and civic leader. The lectures are presented by the Leonard N. Stern School of Business at New York University.

This book takes a close look at the contribution of small firms to the U.S. economy and at the contrasts between traditional development policies and those often recommended to help the small enterprise. The book offers systematic guidelines that will assist economic developers, policy makers, and private citizens in their efforts to promote entrepreneurship and assure sound economic development at local and state levels. "Recent Publications on Governmental ProblemS"

The widespread interest in entrepreneurship as a means of creating jobs and raising incomes has resulted in a growing demand for an economic and political environment that will nurture small business ventures. Accordingly, the promotion of entrepreneurship has taken its place alongside industrial recruitment as a component of economic developement policy. In this study, Benjamin Mokry considers whether it makes sense to devise such policies without first exploring more thoroughly the dynamics of entrepreneurship and the possible impact of government initiatives. In a careful analysis based on in-depth research on state and local development policies, he points up existing information gaps and suggests a realistic framework for approaching policy design in this area.

What has dictated the rate and direction of technological change? How central has it been to industrial progress? How has it related to other determinants of economic growth and development?In Technology and Industrial Progress, Nick von Tunzelmann examines theoretical views on the nature and contribution of technology, and the empirical evidence from the major industrializing countries from the eighteenth century to the present day. The experiences of countries regarded in their time as the leaders of industrialization - Britain in the eighteenth century, the United States in the nineteenth century and Japan in the twentieth century - are critically compared by the author. The following chapters study the transfer of each of these patterns of technology and growth to later industrializers, such as continental Europe, the Soviet Union, and today's newly industrializing countries. Adopting approaches drawn from evolutionary economics, Dr von Tunzelmann links micro-level phenomena relating to individual firms and technologies to macro-level outcomes as reflected in economic growth and development. This long-awaited book is exceptional both in the range of countries surveyed and the breadth of topics analysed, encompassing changes in production processes, products and marketing, management and finance.

Both economists and popular writers have once more run away with some fragments of reality they happened to grasp. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 1942. 1. Rational Behaviour and Economics Never in the history of mankind has there been such unlimited belief intheabilitiesofthehumanmindasintheAgeofReasoninthe?rsthalf of the eighteenth century. The likes of Mozart, Goethe, and Rousseau ensured a new era of optimism and creativity in both the arts and the sciences. In mathematics, the theory of probability was re?ned and its laws were believed to be good descriptions of human reasoning and 1 decision making. The French Revolution was the logical conclusion of theAgeofReasonandEnlightenment. Italsobroughtaboutitspolitical and social downfall, ending in an age of terror; a victim of its own success. In the early nineteenth century, however, most ?elds of science abandoned many ideas from the era of Enlightenment. Nevertheless, in psychology and economics the probabilistic approach to describing a human being as a fully rational homo economicus remained popular as ever. 1 In Rousseau (1762, p. 97), for example, one ?nds: "Calculateurs, c'est maintenant votre a? aire; comptez, mesurez, comparez". 1 2 INVESTMENT, COALITION SPILLOVERS, AND EVOLUTION Most of contemporary economics still uses the axiom of rational e- nomic agents, where agents are believed to maximise expected utility. Expectations are often assumed to be based on objective probabilities. Expected utility with objective probabilities has been axiomatised by Von Neumann and Morgenstern (1944).

This book provides new insights into the performance of key economies in the Asia-Pacific region during the last three decades. It critically examines productivity growth, factor accumulation and economic efficiency at both the macro and micro levels. The authors use a variety of empirical techniques to measure the sources of economic growth in Hong Kong, Singapore, Taiwan, Korea, Japan, Malaysia, Thailand and China. The techniques employed range from traditional growth accounting to econometric frontier estimation and data envelopment analysis. As a comparison to the Asia-Pacific region, the growth experiences of G7 and 18 OECD countries are analyzed. The authors consider, among other issues, the influential role of trade in the region, macroeconomic management, income, capital, labor productivity, technology and investment. This innovative new book will be of interest to students and scholars of growth economics, public policy and Asian studies.

Cultural Economics and Cultural Policies offers a unique guide to the state of the art in cultural economics. First, it alerts scholars and students to the necessity for careful definition and measurement of the cultural sector'. Second, it affords examples of how economic analysis can shed light on the motivation of creative and performing artists and of artistic enterprises. Third, Cultural Economics and Cultural Policies widens the discussion of public policy towards the arts beyond general economic appraisal of arguments for government financial support. It does so by considering the government's role in defining property rights in artistic products and in regulating as well as financing the arts; examining how the criteria for government support are actually applied. Cultural Economics and Cultural Policies will be of interest to economists, students and policy makers.

Title IV of the Clean Air Act Amendments effectively transfers an environmental property right, the difference in unrestricted emissions and the yearly endowment, 3 from certain fIrms to the public domain. Phase I is to reduce annual SOz emissions of 261 large (100 MW or more) utility generating units with emissions greater than 2. 5 IbslmmBtu. The yearly endowment during Phase I is equal to 2. 51bslmmBtu times the 1985-1987 baseline energy usage. Phase I standards are required to be met by 1995, an exception being units that install certain control technologies. In this case, units may postpone compliance until 1997 and may receive bonus 4 allowances. Phase II begins in the year 2000 and applies to any utility units (25 MW or more) with emissions above 1. 2 Ibs/mmBtu. The endowment is 1. 2 Ibs/mmBtu times baseline fuel use (U. S. Environmental Protection Agency 1990). 5 Hahn and Noll (1982), Bohi and Burtraw (1992), Lock and Harkawik (1991), and Walther (1991) discuss interactions between traditional rate-of-return regula tion and overlaying environmental regulations, particularly tradable emission allowances, in the electric utility industry. Lock and Harkawik (1991) and Niemeyer (1991) discuss utility planning in this regard. Bohi and Burtraw (1992) fmd that a utility's environmental investment incentives will vary depending on cost recovery rules and argue that symmetry in treatment of investments in allowances and control technology is necessary if the utility is to be provided with the incentive to minimize costs of compliance."

This book critically examines the phenomenon and the consequences of the increasing inter-dependence between industry, universities and national laboratories. It explores the contrasts and similarities between the patterns of formal and informal links in a technologically dynamic industry (electronic components) with those in a traditional industry (flow measurement) in the UK, France and Belgium. It uses evidence from interviews with firms, academics and industry organisations in the three countries to identify the major factors which regulate links.

Fisher expertly describes and analyzes the growing non-governmental movement throughout the Third World in relation to the global issue of sustainable development, highlighted by the recent Rio Conference. An estimated 200,000 or more indigenous NGOs (non-governmental organizations) at both the grassroots and intermediary levels help fill the void created by the failure of governments to adequately address the escalating, intertwined crises of poverty, environmental degradation, and population. NGOs, a number of which Fisher examines in detail, address the myriad problems associated with dire poverty, environmental destruction, pervasive unemployment, and the grinding exploitation of women. The stimulus to action and group effort is typically the basic need for life's fundamentals--food, shelter, and safety. Fisher points out, however, that NGOs focusing on population have grown less rapidly than those concentrating on enterprise development and/or environmental degradation. Fisher identifies the core abilities within and among NGOs that help them develop effective short-term strategies and also enhance their institutional sustainability in the long run. She demonstrates that this grassroots movement is a vital, growing force in the vast majority of Third World countries, with the potential to undermine the politics of repression and inequality. The international importance of NGOs is increasingly evident, given their ability to network and support one another. Fisher offers a comprehensive, insightful, and substantive assessment of what may be the most hopeful institutional resource available for the sustainable development of the Third World and, therefore, our ultimate survival as a species.

Little discussion about "globalization" has concerned one of the truly global forces--the management of multi-national and large domestic corporations--and the significance of modern management practices for workers in the developing world. This book examines the nature of work in the modern corporate sector in Turkey with special reference to three industries, white goods, cars and textiles. Based on extensive interviews, it questions some common assumptions in the modern western social science literature, especially in North America and Britain.

The authors of this book link productivity change, trade competitiveness, networks of interaction and cooperation and income growth in developing Asian countries with the complex evolutionary processes of economic development and international trade. They take an innovative approach to simulating the complex micro-dynamics of competitiveness in order to distinguish those trade-related microeconomic dynamics and institutional reforms vital to leading countries out of institutional and poverty traps.Real competitiveness changes in six countries (Bangladesh, India, Indonesia, Nepal, Pakistan and Thailand) are measured from 1991 to 2000 with detailed international export unit value comparisons, to detect structural changes towards technology and knowledge intensive goods in trade patterns. No significant structural change was detected in the six countries during that period. Evolutionary trade theory is presented in two models and is calibrated with transaction and trade data from West Bengal and Nepal. These reveal that lower transport costs - resulting from investment in transport and institutional reforms related to the investment and trade environment - result initially in small productivity differences that can be amplified in a non-linear evolutionary system and eventually lead to a spatial restructuring of the system, and to a structural change in the trade patterns. The models in this path-breaking book can be used to explore the impact of a variety of interventions and policies. Productivity, Competitiveness and Incomes in Asia will be of interest to academics and researchers in Asian Studies, industrial economics, evolutionary economics and international business development. The book will also appeal to policy makers responsible for economic growth.

The author addresses the neglected issue of the relations between the functioning of powerful state industrial firms and the town under socialism. As they strived for labor force, the manufacturing and mining employers in Central and Eastern Europe became prominent gatekeepers controlling access to scarce goods and services, which reflected a specific labor market segmentation. The distribution of social benefits and burdens they generated enhanced life chances of certain groups by and large at the cost of the underprivileged--women and the elderly in particular. This socialist industry contributed to social injustice and deprivation as well as the reproduction of entrapping spatial settings such as factory colonies and areas reserved for potential expansion.

The study reveals a great diversity of mechanisms of industrial control over and exploitation of socialist towns in Poland. Spatial organization of local activities and facilities exhibited the power of industrial gatekeepers, and in several cases became a mediating element facilitating achievement of the firM's objectives. The residents' sense of place was permeated by the company through its multiple involvement outside the factory gates, which could justify its dominant position and conceal sources of social inequalities and conflicts. The legacy of socialist factory paternalism bears heavily upon post-socialist society, which is evident in anti-egalitarian attitudes and social closure attempts demonstrated by the beneficiaries of the gatekeepers' allocation.

This second edition of The Limits to Certainty has been thoroughly revised and edited. A new chapter on Facing Social Uncertainty' has been added, while the section on Value and Time in the Service Economy: The Notion of Utilization' has been extended in order to include the conclusions of recent research conducted by the authors on the subject of waste prevention on the product level, i.e. making a better use of resources during the utilization of goods. The key to economic progress has always been the better allocation of resources, and the majority of resources available today are in the form of service activities. In order to measure and exploit such resources, one needs a theoretical frame of reference based on the notions of risk and uncertainty, rather than on the 'certain' equilibrium of the present economic system. Service means performances, in real periods of time, which means that the identification of values must be based on probabilities: the assessment of the probability and cost of a distribution of events in the future. The Limits to Certainty, with a Preface by Ilya Prigogine and a Foreword by Alexander King, is thus about the economic foundations of the Service Economy. The Limits to Certainty is published under the auspices of the Club of Rome and is, in fact, a follow-up to a report published by the Club in 1980, Dialogue on Wealth and Welfare, in which is was proposed that the limits to growth were the limits of a specific type of economic growth that had successfully been developed voer a period of two centuries. This earlier report went on to propose that a new economic growth needed to integrate economic and ecological factors, in practice as well as in theoryand therefore revise the notion of economic value. This economic transition developed parallel to a growing movement at a more fundamental philosophical level favoring indeterminism against determinism: the notions of risks and uncertainty are increasingly considered as the realm of the new challenges, as compared to a perception - typical of the deterministic era - according to which risk and uncertainty reflect a level of imperfect knowledge' which science would or should eliminate: a positive versus a negative connotation of risk and uncertainty.

The objective of this book is to present the problems and possibilities of transferring technology from the developed countries to the developing countries to raise their standard of living. It develops the conceptual issues, legal ramifications, empirical testing of mathematical models and case studies of different industries in many countries. It contains articles by distinguished scholars in the field, practitioners and government officials. It is an important supplement to the hands-on approach used by many private industries and national and international organizations. The unique feature of this book is that it is multidisciplinary and that it has a balanced combination of abstract theoretical approaches and practical considerations.

Made in Italy holds a highly significant position in the global luxury market, as an economic, cultural and social phenomenon and textbook example of the country-of-origin effect. Whilst in the past luxury was conceptualised as an exclusive benefit of the few, it is now a highly diversified ecosystem with disruptive challenges to its identity and authenticity, led by new customer segments. This book - through an analysis of diverse cases - answers the key issues in the industry of the new Made in Italy luxury, with a particular focus on sustainability. The book provides an in-depth view into luxury Made in Italy, from historical roots, heritage and tradition to major forces of change and innovative, entrepreneurial adaptations in the twenty-first century. It situates Made in Italy in the broader global context of change, with regards to the call for sustainable manufacturing and consumption. Written by an international pool of academics and experts in luxury brand management, the book presents a series of case studies to explore how the industry is responding to new consumer expectations and demand to maintain competitive advantage. This unique collection will be of interest for academics, scholars and upper-level students across the fields of luxury management and marketing, brand management, consumer behaviour as well as sustainability.

Business is becoming more global, more competitive, and more knowledge-intensive. Consequently, business executives are being required to reexamine and redefine fundamental relationships - both intra- and inter-company. The Dynamic American Firm explores the pivotal factors motivating the organizational changes that are sweeping American business, with a particular emphasis on the global marketplace. It provides a critical analysis of the forces that are shaping strategies and structures of American business, emphasizing that the process of adaption is more important than particular strategies and structures that develop along the way. The authors begin by illustrating the external factors that shape the development of the firm, including a combination of technological advances and increasingly global markets, and proceed to discuss corporate efforts to adapt to this external environment by means of changing relationships with other firms. They pay particular attention to the alliances that help American firms establish a presence in overseas markets, including the roles of mergers, acquisitions, strategic alliances, and joint ventures. The book concludes with a discussion of the internal changes taking place in American firms, including shifts in organizational strategy and structure, the elimination of middle management, and the development of work teams.

Economics has been basically a study of the interactions between organizations, with some organizations being so small we only have one person in them. The internal organization of the largest hierarchies has indeed been looked at, but a good reason for working less on these organizations is that the internal reactions are much harder to understand. It is sensible to solve the problems we can solve and put the others off until later. The author's basic purpose here is to look at these larger hierarchical organizations, and develop a scientific account of them. In Economic Hierarchies, Organization and the Structure of Production Gordon Tullock examines the internal functioning and organization of the corporation. In the author's personal tradition, the book relies on narrative analysis rather than mathematical complexity to convey insights into the functioning of the corporation.

The advanced capitalist nations are currently undergoing an enormous economic, social, and political transformation. At the heart of this transformation is the transition between large scale, standardized production (Fordism) and new, more flexible approaches to manufacturing (flexibility), and a concomitant extension of manufacturing to include products both concrete (goods) and ephemeral (services). This volume explores the consequences of this transition from the standpoints of technology, labor relations, firm strategy, education, government programs, and geography. The book is a collection of papers by well-known scholars investigating the current global transition from mass consumption and production to flexible production for niche markets. The book is unique in that it not only discusses standard economic concerns, but also investigates the social and political implications of this transition. Each chapter is concerned with a different aspect of the same restructuring process.

The coal industry has always occupied a symbolic place in British economic and political life, inspiring debates and arousing passions throughout the last two centuries. This account of the economics of coal, first published in 1990, is unique in its comprehensive three-part approach. First, Ben Fine charts the ways in which the theoretical understanding of the British coal industry has changed over the past two centuries and discusses the arguments surrounding public ownership versus the privatization of the industry. In the second part, the book presents a critical assessment of the existing literature and challenges the well-established orthodoxies by close theoretical and empirical argument. Finally, attention is paid to the role of landed property and the processes of technical change. An interesting analysis of the complex relationship between industrial change and political economy and an important contribution to economics, this study will be of great value to students of the theory and history of industrial change and the British coal industry.

This book clarifies the mechanisms of economic globalization in changing industries' locations and shows how industries' locations have changed through those mechanisms. First, the book deals with the retailing industry. Introducing the concept of a contact price into the market area analysis, it is shown in Part I that retailers' market areas and prices are changed in different ways by a reduction of transportation costs. The mechanism of these changes is explained by checking the contact prices at apexes of the retailers' market areas. Then the book moves to the manufacturing industry and deals with a firm's production process. Part II of the book shows the manner in which the production volume of factories within an agglomeration is decreased as the number of factories within the agglomeration increases. Subsequently, considering the fact that many production factories depart from agglomerations to other sites to reduce production costs, a method of searching for a factory's new site is proposed in which a firm can seek out an optimal location of a factory in a short period of time. By referring to a chaotic phenomenon, a firm sets a location prospective area in a large geographical area and selects an optimal location within that area. In the third part of the book the city system is the focus. Part III elucidates the theoretical formation of a city system and analyzes structural changes of a city system due to a reduction of transportation costs. The mechanism of the change is explained by a flexible market area theory which studies a city system by using the market areas established in the free-entry equilibrium. Then, the economic relationships between the cities within a city system are examined from the point of view of the land rent in the cities' areas. This analysis shows the influences of a change in the largest city on other cities. Finally, the relationships between a city system and regional performance are examined using real data. The examination shows that the city system reveals the regional performance.