Technological Innovation and Economic Performance

Author: Ben Stein, David Victor, Richard Nelson / Country: Mainland China
Publisher:
Publish Date: 2006-05-01
Features: Starting from the Industrial Revolution, an endless stream of technological innovations have not only magically transformed people's lives but also profoundly impacted the economic performance of nations. The brilliance of Japan's economy in the 1970s and 1980s, and the outstanding performance of the U.S. economy in the late 1990s, repeatedly drew attention to the role of technological innovation. Faced with the stark contrast between today's U.S. and Japan, and the burst of the Internet bubble, people are left with many questions: What drives technological innovation? What determines the ability of companies and governments to transform innovative outcomes into wealth? This book explores these core questions, introducing the performance of nine developed industrial countries (such as the U.S., Japan, Germany) and nine major industries (such as the Internet, automobiles, biopharmaceuticals) during different periods. Like a web, it encompasses every relevant detail of technological innovation, showing readers how it affects economic performance. This book helps us accurately grasp the global economy both horizontally and vertically, offering valuable insights for developing China. Rigorously argued yet highly readable, with clear viewpoints supported by ample evidence, it serves as both an academic work in economics and a reference tool for related fields, as well as a valuable resource for policymakers.