This book addresses three important concepts in the economy-competition, innovation, and growth-using various cases and available data in Japan and other countries. First, the authors discuss competition, including global competition, to provide a better understanding of competition policy in...

Case studies reveal a pattern of rapid industrial growth propelled by innovation and quick diffusion of new technologies, especially among emerging industries exposed to global competition. At the firm level, the distribution of innovative activity is highly skewed, while productivity growth is...

For much of the twentieth century, American corporations led the world in terms of technological progress. Why did certain industries have such great success? Experimental Capitalism examines six key industries—automobiles, pneumatic tires, television receivers, semiconductors, lasers, and...