Information technology accounts for over one-third of recent
U.S. GDP growth and nearly two-thirds of corporate capital
investment. ''The New Economy'' appears omnipresent, but little is
actually known about its workings.
This seminal volume brings together the research and critical
thinking of many of the world's top macro and micro economists to
provide a unique, multifaceted perspective. Through the use of
detailed, up-to-date country and industry studies, this book
provides the most authoritative and detailed analysis ever
assembled into the causes of technological innovation and its
relationship to economic performance. The country studies cover the
United States, Japan, Germany, France, the United Kingdom, and the
Nordic states. Nine industry studies examine the Internet,
computers and semiconductors, banking, securities trading, venture
capital, energy, agricultural biotechnology, pharmaceutical
biotechnology, and automobiles.
Commissioned and brought together for the research project by
the world-renowned Council on Foreign Relations, the authors have
produced one of the most important compendia in applied economics
to be published in recent times.
The contributors are Charles Calomiris, Ian Domowitz, Robert
Evenson, Charles Fine, Robert Gordon, Richard Langlois, Josh
Lerner, Markku Malkamaki, Patrick Messerlin, Joel Mokyr, David
Mowery, Richard R. Nelson, Stephen Nickell, Gary Pisano, Adam
Posen, Daniel Raff, Horst Siebert, Timothy Simcoe, Benn Steil,
Michael Stolpe, John Van Reenen, David Victor, and Matti
Viren."
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