This new book discusses the extent to which the Japanese economy
encourages entrepreneurship and innovation. Although Japan has a
strong reputation as an innovator, some people argue that this
reputation is misplaced. Contrary to earlier expectations, the USA
rather than Japan emerged as the leader in the biotech industries
in the 1990s, and also many small firms in Japan supply only a few
- or just one - other company, thereby limiting their view of the
marketplace and the commercial opportunities within it. Despite the
increase of international patents, international scientific
citations and a positive technology trade balance, the Japanese
innovation system is weak in giving birth to radical innovations.
The book explores fully these issues, making comparisons with other
countries where appropriate. It concludes that the Japanese
innovation system has both advantages and disadvantages and
contributes to a better understanding of how policy changes take
place.
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