Jingjing Huo's How Nations Innovate: The Political Economy of Technological PDF

By Jingjing Huo

How international locations Innovate compares how prosperous capitalist economies range of their styles of technological innovation. development at the 'varieties of capitalism' literature, this e-book is going past the conventional specialise in 'radical as opposed to incremental innovation' in present scholarship, and takes the comparability of capitalism to a completely new set of questions round technological innovation. for instance, which kind of capitalism engages in job-threatening
innovation? Whose innovation widens source of revenue inequality? Whose innovation increases productiveness? which kind of capitalism has better monetary markets for innovation? Whose innovators emphasize 'control' instead of 'flexibility' in the course of innovation?

By addressing those questions, the writer demonstrates that the way in which international locations innovate frequently has deep, and occasionally counter-intuitive, implications for the way they examine in lots of parts of socio-economic functionality. for instance, even though enterprise capital is so much lively in Anglo-Saxon economies, it sounds as if venture-capital functionality in stimulating innovation is additionally poorest in exactly those nations. at the factor of employment, the writer argues that, when technological innovation in
Anglo-Saxon economies creates jobs, innovation in eu economies destroys jobs. countries additionally fluctuate within the nature of source of revenue inequality pushed by way of innovation. whereas innovation pushes best earners extra sooner than median earners in Anglo-Saxon economies, it drags backside earners additional in the back of the median in
European economies. eventually, forms of capitalism additionally vary of their skill to deal with the volatilities of innovation. whereas Anglo-Saxon economies face a trade-off among low volatility and excessive innovation output, those objectives look together feasible in eu economies.

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How Nations Innovate: The Political Economy of Technological Innovation in Affluent Capitalist Economies by Jingjing Huo


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