Of the East Asian Newly Industrialized Countries (NICs) Taiwan has one of the most inspiring stories. In almost all accounts of Taiwan, the state has been described as the major impetus of economic development and technological upgrading. Consequently, Taiwan has become the "poster child" of the...

What kind of guidelines can be established for a government policy to promote economic growth? Many now believe there should be almost none. However, these authors think very differently. They argue that the management literature contains a framework that supports constructive government...

A near consensus has emerged supporting the public funding of industrial R&D as a solution to a host of market failures. However, the common policy prescription urges government to go no further than minimal 'market-enhancing' intervention, largely keeping the state to the role of financer of...

In the last decade, few countries have figured prominently as cases of late-late developers that achieved worldwide success with their Information Technology (IT) industries. This paper focuses on the Israeli case and argues that uniquely in that group, and in contradiction to the model proposed...

Given the powerfully negative and ongoing impact of the Great Recession on western economies, the question of whether historically wealthy nations--the US, Western European countries, Japan--can stay wealthy has become an overriding concern for virtually every interested observer. Can their...

Both systems of innovation and cluster theories emphasize the importance of institutions that facilitate learning and information diffusion as well as community building for the continuous success of industrial systems. Nevertheless, they fail to combine their insights into a general...

There is nothing in the logic of innovation that leads to emphasizing the supply of or the demand for novel ideas. Arguing for either side is misguided. The two sides are complementary. Thus, we welcome the balanced view implied in Finland’s new innovation strategy (Aho et al., 2008), although...