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The Technology Imperative Gregory Tassey

The Technology Imperative By Gregory Tassey

The Technology Imperative by Gregory Tassey


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Summary

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. 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.

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The Technology Imperative Summary

The Technology Imperative by Gregory Tassey

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.

The Technology Imperative Reviews

'This book is highly persuasive and enlightening, and should be required reading for all interested in technology policy.'

-- Andrew Tylecote, Prometheus
'Tassey's work is timely, thought-provoking and essential reading for understanding the scope and depth required for S&T policy analysis in the new era where the current economic leader is struggling to retain its position.' -- Irene C. Makar, Research Policy
'Page after page, this book builds a case of a major international transformation that has left the world economy much more dependent on science-driven technology. [The book's] arguments should attract attention

About Gregory Tassey

Gregory Tassey, Research Associate, Economic Policy Research Center (EPRC), University of Washington, US

Table of Contents

Contents: Preface Part I: The Economics of Decline 1. Globalization of Technology 2. Indicators of Decline Part II: R&D in the Modern Economy 3. The Technology Paradigm 4. The Public-Private Growth Model 5. Underinvestment in R&D 6. Strategic Shifts in the IT Economy 7. The Technology Life Cycle 8. The Role of Technical Infrastructure Part III: Technology-Based Political Economy 9. Assessing the Government Role 10. Elements of STID Policy 11. To Compete or Not to Compete Bibliography Index

Additional information

CIN1848444699VG
9781848444690
1848444699
The Technology Imperative by Gregory Tassey
Used - Very Good
Paperback
Edward Elgar Publishing Ltd
20090227
352
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Technology Imperative