Read e-book online A new economy: the changing role of innovation and PDF

By Organization for Economic Cooperation and Development OECD

ISBN-10: 9264176942

ISBN-13: 9789264176942

What's using fresh progress in OECD nations? Why is it that their degrees of GDP consistent with capita aren't any longer converging? Why is it that a few international locations, working on the technological frontier, the place advances are tricky, seem to be widening the space? This learn exhibits that luck calls for now not a few silver bullet, yet various complementary elements that help the innovation-intensive progress exemplified by means of new info and communique applied sciences resembling the net and net purposes like digital trade. Supportive regulations contain these favorable to leading edge start-ups and to monetary platforms capable of aid them, those who facilitate the reorganisation required to harvest the complete advantages of ICT, regulatory and institutional frameworks that facilitate hyperlinks among technological know-how and undefined, and efforts to coach and acquire the mandatory human capital, in addition to public help for easy medical examine.

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Available data show that the number of alliances has grown rapidly in the 1980s and 1990s, particularly in areas such as information technology and biotechnology (Figure 13),11 and that these have taken place both between major regions, such as the United States, Europe and Japan, and within them (NSF, 1998a). 12 First, the cost of major innovations, such as a new generation of semiconductors or aircraft, has risen rapidly and is now beyond the means of any single firm. Second, co-operation may enable the development of de facto technological standards.

Some aspects of this role, as discussed above, are: - ICT has helped to break down the natural monopoly character of services such as telecommunication This has enabled regulatory reform, fostered productivity growth and made these services more tradable, so that investment in innovation has increased and they have become more innovative. - ICT is a key technology for speeding up the innovation process and reducing cycle times, resulting in a closer link between business strategies and performance.

G. Cisco) to go shopping in Silicon Valley after the market has first screened innovative projects. For instance, Microsoft acquired shares in 44 firms for USD 13 billion in 1999 and Intel in 35 firms for USD 5 billion. Large firms such as Cisco, Intel and Microsoft also provide venture capital to start-ups. The changing innovation process has brought small start-up firms to the fore, as they are exploring new frontiers (electronic commerce, genetic engineering) and developing specialised niche markets.

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A new economy: the changing role of innovation and information technology in growth by Organization for Economic Cooperation and Development OECD


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