As China, India, and other industrializing giants grow, they are confronted with an inconvenient truth: They cannot rely on the conventions of capitalism as we know them today. Western industrialism has achieved miracles, promoting unprecedented levels of prosperity and raising hundreds of...

This paper explores several features of, and changes in, innovation capacity in Asia. The growth of technology-based industries has been a critically important element of Asian industrial development and has required extensive institutional support for the diffusion of innovation and...