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The Revolution in Energy Technology examines the birth of this technology in the United States, where the main innovators are still located, the emergence of China as a main production hub, and new and growing contributions to the innovation cascades from other countries including Germany, Japan, South Korea and Taiwan. The participation of universities as investors and the role of venture capital are discussed, and particular emphasis is given to the domination of the sector by large firms.
The book is interesting for both academics and graduate students as well as policy makers, technicians, engineers and companies involved in the field.
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The author highlights how the institutional framework that will allow countries to grow should include universities, government laboratories and policy incentives for human capital and business research and development. He argues that there are no simple policies and no ''one-size-fits-all'' solutions, and that the majority of developing countries have not yet found the right combinations of institutions. The book suggests that building successful national and regional innovation systems requires at least one generation of continuous effort, significant trial and error, and a thorough knowledge of the experiences of the OECD countries that built those institutions in the past. It moves on to demonstrate how certain countries such as Canada, Finland and Singapore have succeeded in catching-up and how several others, for example Argentina, Egypt, Mexico and the Philippines, have failed. It then pinpoints the main industrial, science, technology and innovation policies required by developing countries to achieve their goals.
This unique and timely book will appeal to postgraduate students of international economics, international business and development economics, as well as students of science, technology and society.
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