Innovation Policy in a Global Economy

Description

Innovation and globalization are changing the nature of economic life. This book argues that the transfer and use of knowledge requires the development of appropriate institutional infrastructures. The opportunities offered by globalization will only be fully realized by actively pursuing policies to enhance the absorption and development of knowledge. The book is relevant for courses in management and business, economics, geography, international political economy, and innovation and technology studies. It will be of interest to all concerned with public policy toward the economy.

'Long-term growth and prosperity depend on innovation, learning and new and improved technologies to raise labour productivity. This book tackles these complex issues by sifting the evidence carefully to produce important policy implications highlighting the potential role of government as facilitator of the learning economy. Its likely audience will be academic specialists, including postgraduates, althought it will prove useful for appropriate advanced undergraduate courses. Several chapters should be sent to shareholders in UK companies, to drive home the adverse long-term growth effects of high dividend payments at the expense of R&D and investment.' Times Higher Education Supplement