This paper addresses the question: Under what conditions will the recent rapid technical change in products in the machine tool sector increase the technological gap between the developed countries and the Newly Industrializing Countries (NICs)? The technical change referred to is the trend...

With the development of the microprocessor, the electronics sector has become regarded as a key technological sector in the OECD countries. Massive government intervention programs have been designed, not only for the production of these integrated circuits, but also for their incorporation into...

This paper addresses the question: Under what conditions will the recent rapid technical change in products in the machine tool sector increase the technological gap between the developed countries and the NICs? The technical change referred to is the trend towards the substitution of standard...

New technical innovations in the form of new production technologies are known to affect productivity, but organisational innovations and new ways of designing products have now been found to have a profound influence on productivity. These innovations have moved the industrialised countries...

<title/> This paper analyses the evolution of the Swedish venture capital (VC) industry. The institutional infrastructure in the form of legal access to available savings, the incentive structure and the exit possibilities for the VC firm initially blocked the evolution of the VC industry but...

For some fifteen years it has been argued that Europe’s research and industrial base suffers from a series of weaknesses, the greatest of which is the comparatively limited capacity to convert scientific breakthroughs and technological achievements into commercial successes. This...