This book provides a comprehensive introduction to the economics of the business of maritime transport. It provides an economic explanation of four aspects of maritime transport, namely, the demand, the supply, the market and the strategy. The book first explains why seaborne trade happens and what its development trends are; it then analyses the main features of shipping supply and how various shipping markets function; the book finally addresses the critical strategic issues of the shipping business. The full range of different types of shipping are covered throughout the chapters and cases. The book combines the basic principles of maritime transport with the modern shipping business and the latest technological developments, particularly in the area of digital disruption. The ideas and explanations are supported and evidenced by practical examples and more than 160 tables and figures. The questions posed by the book are similar to those that would be asked by the students in their learning process or the professionals in the business environment, with the answers concentrating on the reasons for what has happened and will happen in the future rather than merely fact-telling or any specific forecast. The book is most suited for students of shipping-related disciplines, and is also a valuable reference for maritime professionals.

This indispensable Handbook provides a timely and comprehensive guide to the methodological challenges of qualitative research in family business. Written by an international, multidisciplinary team of experts in the field, the Handbook takes a hands-on approach, offering valuable insights into a range of methods and related questions. Providing practical guidance based on the experiences of senior researchers, as well as expanding conceptual understanding of qualitative methods, chapters explore existing practices and issues common to many research projects, such as getting access to informants and technical or publication hurdles. Featuring reflective discussion on how to craft insightful, rigorous studies, the Handbook will increase scholars' confidence in using qualitative methods in their own research, from traditional case studies to more recent methods such as QCA. This Handbook will prove invaluable to instructors of qualitative research methods, as well as scholars and students of family business and entrepreneurship. Researchers using qualitative methods in other social sciences will also find its recommendations relevant and useful. Contributors include: R. Adiguna, N. Bhatnagar, M. Brumana, A. Calabro, A. Colli, A. Dawson, A. De Massis, C. Dessi, A. Dettori, G. Dorian, K.D. Elsbach, P. Fernandez Perez, D. Fletcher, M. Floris, I. Ghai, W. Gibb Dyer, V.L. Glaser, F. Hoy, A.E. James, J.E. Jennings, N. Kammerlander, K. Kampouri, R. Labaki, G. Laffranchini, G. Lauto, T. Leppaaho, L. Melin, E. Micelotta, L.M. Nor, M. Nordqvist, E. Paavilainen-Mantymaki, M.J. Parada Balderrama, D. Pittino, E. Plakoyiannaki, C. Pongelli, K. Ramachandran, A. Ruzzene, A.G. Sandig, P. Sharma, E.A. Tetzlaff, J. van Helvert-Beugels, K. Vasilevska, F. Visintin, M. Waldkirch, M. Yusof

Do institutions matter in economic theory? Or is the economic analysis of institutions a distraction from the most important action? Indeed, does Vernon Smith's notion of the "institution-free core" of formal economic theory encompass that most important action? Would that render an "economics of organization" almost devoid of economic content? The author takes up an approach that is more agnostic, inter-disciplinary and even a little irreverent. What can theory do and not do? Theory can stimulate questions about how parties manage competing demands for commitment and flexibility in their relationships but what blind spots persist? The book opens with an informal tour of the economics of system design out of which an economics of adaptation ultimately emerged. It then offers explorations, via the application of the economics of adaptation in both law and economics' relating to how parties manage relationships within the firm, within the context of long-term contracts and, most vividly, within the context of antitrust conspiracy. Advanced undergraduates, graduate students and teaching faculty in economics, public policy, management and law will find the book relevant, as it maps out connections between literatures that are not often made explicit. For historians of economic thought the book lays out a much richer understanding of what the economics of organization is (and is not), and situates it next to design economics.

Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches. Leonardo Meeus explains the sequence of electricity markets in Europe from wholesale to balancing markets, forward transmission markets, capacity mechanisms, redispatching and flexibility markets. Chapters explore current issues including the new paradigm that places the citizen at the centre of the energy transition. Concluding that most of the market integration process in Europe so far has required horizontal coordination between transmission system operators in different countries, the book looks ahead to the importance of vertical coordination between the transmission and distribution. An invaluable book for energy policymakers and practitioners working in Europe, the solutions offered for contemporary issues will also be helpful for those working in international or multi-region electricity markets more widely. Academics involved in the world of electricity regulation will also find this an invigorating read.

A unique and comprehensive source of information, this book is the only international publication providing economists, planners, policymakers and business people with worldwide statistics on current performance and trends in the manufacturing sector. The Yearbook is designed to facilitate international comparisons relating to manufacturing activity and industrial development and performance. It provides data which can be used to analyse patterns of growth and related long term trends, structural change and industrial performance in individual industries. Statistics on employment patterns, wages, consumption and gross output and other key indicators are also presented.

This edition incorporates the many changes and reforms in South Africa with a direct impact on business management. The title centres on three major themes: What is a business enterprise? How is a business enterprise established? How is it managed?;Contemporary issues or examples from the South African business world are included where possible as well as new legislation affecting business management. "Business Management" meets the needs of tertiary academic institutions for an introductory work on the structure and principles of business management. At the same time it serves as a reference for training in other disciplines.

The fourth industrial revolution is having a major impact on industry and societies primarily because of what has been called its raw material: data. New technologies are allowing hyper-connection on a global scale, not only between people, but also between people and machines and, in the case of the Internet of Things, even amongst machines themselves. This book offers a critical reflection on the meaning and expected consequences of the fourth industrial revolution, with a particular focus on the advent of digital globalisation and its implications for industrial policy. Industrial revolutions are considered not only in terms of technological progress, but also in the context of the changing relationship between market and production dynamics, and the social and political conditions enabling the development of new technologies. Industrial Policy for the Manufacturing Revolution aims to increase our capacity to anticipate and adapt to the forthcoming structural changes. It outlines the type of industrial policy and strategies that are needed in this era of rapid transformation. The authors propose a 'comprehensive industrial policy' that considers the complexity of structural changes involving industry as well as institutions and social and education policies, in order to encourage the participation of all citizens in the development process. The book also features a concrete example of comprehensive industrial policy implementation at the regional level. This stimulating and thoughtful book makes the case that industrial policies are more vital than ever, particularly now as the economy undergoes a technological revolution. It will be required reading for all those interested in industrial economics and policy, business and technology.

The intangible capitalist economy, that is intellectual capitalism, continues evolving, driven by technological innovations and various forms of entrepreneurship. The creation of intellectual capital and intellectual properties lies at its heart. This eagerly anticipated book analyzes the many complex links between R&D, patents, innovations, entrepreneurship, growth and value creation in this process. Based on an extensive array of national empirical and policy studies, Ove Granstrand explores a comprehensive range of innovation and intellectual property (IP) issues that pertain not only to Europe but to the entire world. These issues include the role of patents and licensing in the governance of technology and innovation, and the many uses and abuses of patents. The text also details new IP phenomena in an increasingly patent-intensive world with patent-rich multinationals and patent-savvy new entrants from Asia. In a world facing challenges that call for innovative responses, this book contains a set of valuable policy recommendations for strengthening innovativeness for economic growth and ultimately for social value creation. This timely book will be a valuable resource for economics, law and management scholars wishing to gain a thorough understanding of the topic. Practitioners and policy-makers will also greatly benefit from reading this volume, following up on the author's widely acclaimed book published in 1999 The Economics and Management of Intellectual Property: Towards Intellectual Capitalism.

The fourth industrial revolution is having a major impact on industry and societies primarily because of what has been called its raw material: data. New technologies are allowing hyper-connection on a global scale, not only between people, but also between people and machines and, in the case of the Internet of Things, even amongst machines themselves. This book offers a critical reflection on the meaning and expected consequences of the fourth industrial revolution, with a particular focus on the advent of digital globalisation and its implications for industrial policy. Industrial revolutions are considered not only in terms of technological progress, but also in the context of the changing relationship between market and production dynamics, and the social and political conditions enabling the development of new technologies. Industrial Policy for the Manufacturing Revolution aims to increase our capacity to anticipate and adapt to the forthcoming structural changes. It outlines the type of industrial policy and strategies that are needed in this era of rapid transformation. The authors propose a 'comprehensive industrial policy' that considers the complexity of structural changes involving industry as well as institutions and social and education policies, in order to encourage the participation of all citizens in the development process. The book also features a concrete example of comprehensive industrial policy implementation at the regional level. This stimulating and thoughtful book makes the case that industrial policies are more vital than ever, particularly now as the economy undergoes a technological revolution. It will be required reading for all those interested in industrial economics and policy, business and technology.

The intangible capitalist economy, that is intellectual capitalism, continues evolving, driven by technological innovations and various forms of entrepreneurship. The creation of intellectual capital and intellectual properties lies at its heart. This eagerly anticipated book analyzes the many complex links between R&D, patents, innovations, entrepreneurship, growth and value creation in this process. Based on an extensive array of national empirical and policy studies, Ove Granstrand explores a comprehensive range of innovation and intellectual property (IP) issues that pertain not only to Europe but to the entire world. These issues include the role of patents and licensing in the governance of technology and innovation, and the many uses and abuses of patents. The text also details new IP phenomena in an increasingly patent-intensive world with patent-rich multinationals and patent-savvy new entrants from Asia. In a world facing challenges that call for innovative responses, this book contains a set of valuable policy recommendations for strengthening innovativeness for economic growth and ultimately for social value creation. This timely book will be a valuable resource for economics, law and management scholars wishing to gain a thorough understanding of the topic. Practitioners and policy-makers will also greatly benefit from reading this volume, following up on the author's widely acclaimed book published in 1999 The Economics and Management of Intellectual Property: Towards Intellectual Capitalism.

Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. In recent years, an explosive rise in computing power and the digitization of data has allowed researchers in new institutional economics (NIE) to investigate questions that could never before be systematically analysed. This book explores key issues for future research in the field, analysing both traditional areas of focus in NIE and more recent areas of interest. Consisting of 30 concise chapters written by top NIE scholars, this Research Agenda probes issues at the forefront of NIE, including government, contracts, property rights, norms, culture, and beliefs. Analysing rapid changes in technology and the environment, such as the rise of social media and the effects of climate change in agriculture, this book offers unique insights into key contemporary issues. Written in non-technical terms, this book will inform and inspire students and those starting their careers in economics, law and political science. NIE scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore. Contributors: J.S. Ahlquist, J.E. Aldy, D.W. Allen, J. Bednar, J.C. Cardenas, P. Castaneda Dower, R. Fernandez, S. Gehlbach, R. Gil, M.A. Golden, C. Guerriero, S. Iyer, P. Keefer, K. Kosec, R. Kunneke, C. Long, R. Macchiavello, K.J. Mayer, C. Menard, T. Mogues, M.W. Moszoro, B. Mueller, S. Oh, D. Parker, J. Prufer, P. Prufer, M. Servatka, M.M. Shirley, E. Simison, F. Sobbrio, J. Teorell, T. Terpstra, M. Vatiero, S. Voigt, S. Wallsten, G. Zanarone, D. Ziblatt

* The ELS model of enterprise security is endorsed by the Secretary of the Air Force for Air Force computing systems and is a candidate for DoD systems under the Joint Information Environment Program. * The book is intended for enterprise IT architecture developers, application developers, and IT security professionals. * This is a unique approach to end-to-end security and fills a niche in the market.

'Korea owes its rise to the ranks of the most prosperous nations, largely, to its investment in human resources. Yet, significant gaps remain that block further improvements in the lives of its workers and citizens. This book is as authoritative and comprehensive as it is insightful on the strengths of the Korean system and the challenges Korean policymakers face. In this respect, this book is not simply a telling of the Korean condition but rather of every nation aspiring to prosperity.' - Anil Verma, University of Toronto, Canada 'This book is a compedium of information on the evolution, development and practice of employment relations in South Korea. It records the dynamism that enables the tripartite actors in S. Korea to respond to changing economic and political development, as well as the tremendous industrialization that the country has witnessed in recent decades. The social partners have not only played an active role in shaping public policy, as well as the behaviour and interaction between them and the State. These have enormously contributed to industrial peace, industrialization and economic growth and development. This is a book that is surely to serve not only the academic community and the social partners in Korea, as they evaluate their own role, strategy and desirable changes so as to build on achieved success. For students of comparative employment relations, the book is a useful case study, and I commend it to the international employment relations community.' - Tayo Fashoyin, Retired Professor of Comparative Employment Relations; Former Director in the ILO, Geneva, and Former Secretary of ILERA The Evolution of Korean Industrial and Employment Relations explores current employment and workplace relations practice in South Korea, tracing their origins to key historical events and inevitable cultural adaptation in one of Asia?s ?'miraculous? democracies'. This volume challenges common but dated misconceptions of Korean industrial relations fixated on an economically successful but politically turbulent past. As Korea?'s employment relations continue to evolve, the accommodations made by companies and labor provide powerful insights for leaders in developing economies worldwide striving for prosperity, stability, and democratization. This book focuses on current realities both social and economic to uncover the potent challenges facing employers and workers in a slow-growth era of union decline. Lee and Kaufman provide a wide-ranging and global perspective authored by established and up-and-coming scholars both in and outside Korea in fields such as labor law, sociology, industrial relations, and labor economics. Up-to-date evaluation, data and analysis provide a modern and innovative perspective on employment and industrial relations practice. Scholars of global and specifically Asian industrial relations, human resource management and modern comparative labor relations will find this book of value. Policy makers and CEOs in emerging economics will benefit from the modern and innovative perspective on employment and industrial relations practice, including CEOs managing workplaces in South Korea. Contributors include: J.R. Bellace, C. Brewster, H.-G. Chang, Y.-K. Choi, F.L. Cooke, V.L. Doellgast, M. Gunderson, J.-J. Hur, I. Jun, B.E. Kaufman, D.-B. Kim, D.-O. Kim, H. Kim, H.-T. Kim, T.A. Kochan, H. Kwon, R. Lansbury, B.-H. Lee, K.-S. Lee, S.-H. Lee, S.-M. Lee, Y.-M. Lee, D. Lewin, Y. Nho, K.W. Park, M.J. Park, K.-P. Roh, P. Sheldon, P.B. Voos

'Korea owes its rise to the ranks of the most prosperous nations, largely, to its investment in human resources. Yet, significant gaps remain that block further improvements in the lives of its workers and citizens. This book is as authoritative and comprehensive as it is insightful on the strengths of the Korean system and the challenges Korean policymakers face. In this respect, this book is not simply a telling of the Korean condition but rather of every nation aspiring to prosperity.' - Anil Verma, University of Toronto, Canada 'This book is a compedium of information on the evolution, development and practice of employment relations in South Korea. It records the dynamism that enables the tripartite actors in S. Korea to respond to changing economic and political development, as well as the tremendous industrialization that the country has witnessed in recent decades. The social partners have not only played an active role in shaping public policy, as well as the behaviour and interaction between them and the State. These have enormously contributed to industrial peace, industrialization and economic growth and development. This is a book that is surely to serve not only the academic community and the social partners in Korea, as they evaluate their own role, strategy and desirable changes so as to build on achieved success. For students of comparative employment relations, the book is a useful case study, and I commend it to the international employment relations community.' - Tayo Fashoyin, Retired Professor of Comparative Employment Relations; Former Director in the ILO, Geneva, and Former Secretary of ILERA The Evolution of Korean Industrial and Employment Relations explores current employment and workplace relations practice in South Korea, tracing their origins to key historical events and inevitable cultural adaptation in one of Asia?s ?'miraculous? democracies'. This volume challenges common but dated misconceptions of Korean industrial relations fixated on an economically successful but politically turbulent past. As Korea?'s employment relations continue to evolve, the accommodations made by companies and labor provide powerful insights for leaders in developing economies worldwide striving for prosperity, stability, and democratization. This book focuses on current realities both social and economic to uncover the potent challenges facing employers and workers in a slow-growth era of union decline. Lee and Kaufman provide a wide-ranging and global perspective authored by established and up-and-coming scholars both in and outside Korea in fields such as labor law, sociology, industrial relations, and labor economics. Up-to-date evaluation, data and analysis provide a modern and innovative perspective on employment and industrial relations practice. Scholars of global and specifically Asian industrial relations, human resource management and modern comparative labor relations will find this book of value. Policy makers and CEOs in emerging economics will benefit from the modern and innovative perspective on employment and industrial relations practice, including CEOs managing workplaces in South Korea. Contributors include: J.R. Bellace, C. Brewster, H.-G. Chang, Y.-K. Choi, F.L. Cooke, V.L. Doellgast, M. Gunderson, J.-J. Hur, I. Jun, B.E. Kaufman, D.-B. Kim, D.-O. Kim, H. Kim, H.-T. Kim, T.A. Kochan, H. Kwon, R. Lansbury, B.-H. Lee, K.-S. Lee, S.-H. Lee, S.-M. Lee, Y.-M. Lee, D. Lewin, Y. Nho, K.W. Park, M.J. Park, K.-P. Roh, P. Sheldon, P.B. Voos

The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. In this book, Cristiano Antonelli elaborates, applies and tests, with his colleagues, the Schumpeterian framework established in the author?s previous work Endogenous Innovation: The Economics of an Emergent System Property. The author carefully explores the role of the reactivity of firms to out-of-equilibrium conditions with a unique mix of econometric tools and simulation techniques. He examines the central role of knowledge externalities in shaping the likelihood of creative responses, and hence the generation of new knowledge and the introduction of innovations, as an alternative to adaptive responses that lead the system to equilibrium with no growth. In so doing, he confirms that innovation is the outcome of the interaction between individual decision-making and the endogenous and path-dependent properties of the system into which firms are embedded. This original and insightful work will be required reading for all those working on evolutionary economics, complexity economics, and the economics of innovation and knowledge.

With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published. It covers all dimensions of electricity markets: wholesale and retail; renewable electricity sources; the electrification of mobility, heating and cooling; and recent innovations such as distributed generation, electrical energy storage, demand response and digital platforms that are disrupting the industry. The benefits, as well as the limits, of open markets and competition are assessed at the level of underlying principles and with reference to specific cases, including the UK, PJM Interconnection, Texas, Australia, Scandinavia, continental Europe and China. The details of electricity market designs are analysed and discussed. The book also considers new emerging business models, as well as the impact of electricity sector policy priorities such as universal access and deep decarbonization. This Handbook is intended to be used and useful. Students and young professionals will find the information they need to enter the field. Researchers, experienced professionals and public decision-makers will get a comprehensive update on the topical issues in electricity markets that will guide them through the important developments the sector is witnessing.

For the last century, financial crash after financial crash has sent shockwaves through our world. It's time we learned from them. 'Remarkably accessible' The Times _________________ There is very little that is certain in economics, except this: there will be another financial crisis. But while we may not be able to stop the next one, we can predict and contain it. The Great Crashes tells the stories of ten historic financial events - from the Wall Street Crash and the dot com boom and bust to the COVID pandemic - and what we can learn from them. Combining her clear-eyed analysis with compelling storytelling, renowned economist Professor Linda Yueh uses these meltdowns to extract a critical three-step framework to help us to recognise the early signs of a crash, mitigate the effects and even prevent them in the future. It is a book that offers urgent lessons for the modern world. _________________ 'An important contribution that can help society anticipate and tackle potential crashes in the future' Christine Lagarde, President of the European Central Bank

The legal, regulatory and ethical frameworks guiding governance decisions are highly politicised and subject to intense debate. This book discusses governance theory in relation to corporations, universities and markets. Confronting the challenges of governing these three core areas, Alexander Styhre explores the connections between governance and the production of economic value, shareholder value and economic equality. An in-depth overview of recent governance literature in management studies, economics, legal theory and economic sociology, exposes how governance theory affects securities markets, commodities trade, university ranking and credit scoring cases. The author examines how changes in competitive capitalism and the wider social organization of society are recursively both determined by, and actively shaping the underlying governance ideals and practices. Identifying the difficulties involved in balancing freedom and control in governance policy, he highlights the key concerns confronting governments, regulatory agencies and transnational agencies: how to ensure the efficient use of economic resources to avoid economic inequality without undermining the legitimacy of the current market-based economic model. Essential reading for academics and graduates in management and the social sciences, as well as policy makers and management consultants, The Unfinished Business of Governance gives exceptional insight into the challenges facing governance within free markets.

This book engages in the debate on evolution and change of family capitalism. Based on historical analysis and a conjoint effort by management scholars and social scientists, it is a treasure trove of thoroughly researched and prominently recounted stories on the basic components, origins and dynamics of family capitalism. It offers an interdisciplinary perspective on the multifaceted and complex sector of private enterprises in Latin America and Spain.' - Alfredo De Massis, Lancaster University, UK'An impressively original book which provides a wealth of new empirical evidence on the evolution of business and management in Latin America and the Spanish-speaking world. It challenges past generalizations by demonstrating the heterogeneity in the family businesses and business groups of different Spanish-speaking countries.' - Geoffrey Jones, Harvard Business School, US Family businesses are everywhere, but there is little information regarding their growth and development. This book is one of the few to analyse the identity and evolution of the largest family businesses in Latin America and Spain. With contributions from 20 scholars from 12 different countries, the book compares the relationship of families in business within their national economies, foreign capital, migration, and politics. The authors deny the existence of a 'Latin type' of family capitalism in their countries, and highlight diversity, and national and regional differences. This interdisciplinary book will be useful for students and scholars of economics, management, history, sociology, and anthropology. Politicians, family business consultants, family businesses, and international institutions will also benefit from insights within this book. Contributors: M.I. Barbero, L. Casanova, M. Cerutti, A.D. Costa, Carlos Davila, P. Diaz Morlan, A. Discua Cruz, C.E. Drumond, P. Fernandez Perez, L. Fortin, E. Guillen Miranda, J.M. Las Heras, J.C. Leiva, A. Lluch, J. Martinez Echezarraga, M. Monsalve Zanatti, N. Puig, C.Ramos Rodas, C. Raudales, J. Vidal Olivares

The Economics of Electricity Markets provides a cutting-edge analysis of the critical issues involved in the design and operation of electricity markets, as well as an assessment of alternative institutional arrangements that have either been implemented or are under discussion in Europe and the US.The book illustrates how a sound market design can render electricity trading and retailing very much like that of other commodities. Social and political concerns, rather than engineering or economics, are what make electricity markets 'special'. The expert contributors address a wide set of issues that arise when competition is introduced to the electricity industry, ranging from the design of spot and real-time power markets to alternative approaches to congestion management, from competition policy in wholesale electricity markets to the benefits and costs of retail competition, and from regulatory measures to ensure generation capacity adequacy to the politicization of generation investment decisions as a way of pursuing sustainability targets. This highly informative book will appeal to academics, students and researchers in the field of advanced energy economics, and will prove essential reading for energy regulators, professionals and executives wishing to explore the theoretical foundations underpinning their day-to-day activities. Contributors: G. Cervigni, A. Commisso, A. Creti, D. Perekhodtsev, C. Poletti, P. Ranci

A crisis means change. And for any business owner, change means opportunity.

There is nothing new about a crisis stalling or wiping out a business. The COVID-19 pandemic that has hit businesses globally does not feel any more or less devastating to the business owner than if their business was affected by the sudden loss of a dominant client, a trade war, burst water pipes halting operations, intransient employees or their product no longer being relevant to the market.

In Reset, Rebuild, Reignite, the second book from Pavlo Phitidis, his starting point is not how to avoid crises because some are inevitable. Instead, he shows how you can use any crisis to reset your business to get relevant, rebuild it to scale, and reignite it to accelerate growth by capitalising on the change and opportunities that any crisis brings with it.

Stories of business owners who have successfully turned crisis to their advantage are underpinned by Pavlo’s practical, action-oriented insights, tactics and strategies that will have you reading with a highlighter in hand, and will equip you to tackle any crisis that affects your business.

Innovation and standardization might seem polar opposites, but over many years various scholars have noted close connections between the two. This Handbook assembles a broad range of thinking on this subject, with contributions from several disciplinary perspectives by over 30 leading scholars and experienced practitioners. Collectively, they summarize and synthesize the existing body of knowledge - theory and evidence - pertaining to standards and innovation, and provide insights into how this knowledge can be useful to scholars, industrial strategists, policy-makers and standards practitioners. Drawn from leading experts in several social science disciplines, this Handbook provides new insights into innovation processes and systems using theoretical, empirical and applied approaches. By situating standards and standardization as specific factors which play distinctive roles in innovation-driven growth, it establishes that standardization (doing things the same way) is an essential component of innovation (doing things differently). The book also provides novel and practical insight into how standards are incorporated into innovation strategies and policies. Comprehensive and original, this collection will be a vital resource for all students and academics of social, natural and engineering science communities. Policy-makers and practitioners will also find a wealth of experience and knowledge within its pages.

Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. In recent years, an explosive rise in computing power and the digitization of data has allowed researchers in new institutional economics (NIE) to investigate questions that could never before be systematically analysed. This book explores key issues for future research in the field, analysing both traditional areas of focus in NIE and more recent areas of interest. Consisting of 30 concise chapters written by top NIE scholars, this Research Agenda probes issues at the forefront of NIE, including government, contracts, property rights, norms, culture, and beliefs. Analysing rapid changes in technology and the environment, such as the rise of social media and the effects of climate change in agriculture, this book offers unique insights into key contemporary issues. Written in non-technical terms, this book will inform and inspire students and those starting their careers in economics, law and political science. NIE scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore. Contributors: J.S. Ahlquist, J.E. Aldy, D.W. Allen, J. Bednar, J.C. Cardenas, P. Castaneda Dower, R. Fernandez, S. Gehlbach, R. Gil, M.A. Golden, C. Guerriero, S. Iyer, P. Keefer, K. Kosec, R. Kunneke, C. Long, R. Macchiavello, K.J. Mayer, C. Menard, T. Mogues, M.W. Moszoro, B. Mueller, S. Oh, D. Parker, J. Prufer, P. Prufer, M. Servatka, M.M. Shirley, E. Simison, F. Sobbrio, J. Teorell, T. Terpstra, M. Vatiero, S. Voigt, S. Wallsten, G. Zanarone, D. Ziblatt

The two-volume book studies the economic and industrial development of Japan and China in modern times and draws distinctions between the different paths of industrialization and economic modernization taken in the two countries, based on statistical materials, quantitative analysis and multivariate statistical analysis. The first volume analyses the relationship between technological innovation and economic development in Japan before World War II and sheds light on technological innovation in the Japanese context with particular emphasis on the importance of the patent system. The second volume studies the basic conditions and overall economic development of industrial development, chiefly during the period of the Republic of China (1912-1949), taking a comparative perspective and bringing the case of modern Japan into the discussion. The book will appeal to academics and general readers interested in economic development and the modern economic history of East Asia, development economics, as well as industrial and technological history.