Technology in several forms, especially Information Technology
(IT), has a strong tendency to converge at varying degrees. This
phenomenon of converging innovation is likely to deepen and widen
in the future due to intense competition in global markets. Asian
manufacturing firms in particular lead the global industrial
innovation. Convergent innovation exists as a constant
disequilibrium between reference technology and matching
technology; innovations of these technologies occur at different
degrees to attain an optimal balance. Innovations as a result of
convergence are often beneficial, improving welfare and employment.
This book sheds light on the little-discussed idea of convergent
innovation with examples hailing from Asia. The book also proposes
new theories and investigates convergence at the micro level -
guaranteed food for thought for academics interested in innovation
economics and management.
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