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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