In the 1970s, the large size of enterprises was one of the symbols
of the mass production system's rigidity. The second symbol was
state interventionism--blamed for the economic difficulties of the
period: growing unemployment and upsurge of inflation.
Globalisation is characterised by the predominance of deregulated
finance ("big finance") over economic activities. Between free
enterprise capitalism and monopoly capitalism stands finance-based
capitalism. The financial sphere is mobilised to promote variety
and reinforce selection.
This book presents in its first part the financial determinants of
innovation processes considered in a macro-economic perspective,
which are limited by short-term constraints and studies in its
second part the linkages existing between the necessity to innovate
in order to survive and the constant attention given to financial
results.
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