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Books > Science & Mathematics > Science: general issues > Industrial applications of scientific research & technological innovation
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The Technology Imperative (Paperback)
Loot Price: R1,566
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The Technology Imperative (Paperback)
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The convergence of technology-based competitive capabilities among
the world's economies has drastically altered the required economic
growth strategies in industrialized nations. Based on a variety of
corporate and government investment trend data and comparisons
among national growth strategies, Gregory Tassey examines how this
convergence has created an imperative for new growth models and
strategies. In particular, he analyzes the major policy mechanisms
for stimulating R&D investment and improving R&D efficiency
over technology life cycles, detailing the needed changes. In the
65 years since Joseph Schumpeter's classic characterization of the
'creative destruction' process of industrial technological change,
the role of technology in economic growth has grown relentlessly.
The author provides the first detailed assessment of
underinvestment in R&D and the two major R&D policy
response mechanisms - tax policy and direct funding. The policy
models and analyses presented are based largely on US economic
experience, but the resulting prescriptions are relevant for all
existing and emerging technology-based economies. The author's
ultimate message is that the industry-centric Schumpeterian model
must be expanded to one in which competition among governments is
as important as it is within the private sector. This cutting-edge
study will be of interest to science and technology policy
researchers and analysts, economists focusing on the impacts of
technological change, government managers of science and technology
programs, and industry managers from high-tech firms.
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