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Profiting from technological innovation is a key strategic challenge in technology-intensive industries because it requires not only scientific and engineering expertise but also an understanding of how business and legal factors facilitate commercialization. This volume presents a multidisciplinary view of issues in technology commercialization and entrepreneurship. First, the strategic options available to an innovating firm attempting to commercialize inventions are presented in the context of the legal system and the complementary assets needed for commercialization. Next, the benefits and

Frontmatter -- Contents -- Contributors -- Preface -- Acknowledgments -- Part I INTRODUCTION -- 1 Introduction and Overview -- 2 Innovation in an Historical Perspective: Tales of Technology and Evolution -- Part II COUNTRY STUDIES -- 3 The United States -- 4 Japan -- 5 Germany -- 6 France -- 7 The United Kingdom -- 8 The Nordic Countries -- Part III INDUSTRY STUDIES -- 9 The Internet -- 10 Computers and Semiconductors -- 11 Banking and Financial Intermediation -- 12 Securities Trading -- 13 Venture Capital -- 14 Pharmaceutical Biotechnology -- 15 Agricultural Biotechnology -- 16 Electric Power -- 17 Automobiles -- Bibliography -- Author Index -- Subject Index

Two hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary "new growth" ideas, Scherer then supplies some foundational "bricks" concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century. Copublished with the British-North American Committee.

Security became one concept that integrated different fields: political, economic, social, cultural, ecological, military, moral, diplomatic and humanitarian. The economic component of national security has gained great importance in current internal and international circumstances. In this context, the activities of scientific research, technological development, but also innovation have an important role leading to the qualitative and quantitative increase of the national production and technological potential as being essential elements for the provision of material and spiritual wellbeing. In order to settle the role of scientific research, technological development and innovation in the fulfillment of the scientific progress contributing to the economic and social development, and also to thestrengthening of the security system, it is necessary to define the mentioned notions. These aspects are meant to emphasize our scientific work.Keywords: security; system of national security; scientific research; technological development; innovation.

Collection of articles on economic, social, and cultural aspects of innovation by researchers at the University of the Basque Country. - Provided by publisher