scholarly journals Venture Capitalism, High-Technology Financing and the State’s Innovation Policy: A Sociological Analysis of the U.S. Experience (1940s–2010s)

2021 ◽  
Vol 22 (4) ◽  
Author(s):  
Dmitry Zhikharevich
Author(s):  
David M. Hart ◽  
Zoltan J. Acs ◽  
Spencer L. Tracy

Author(s):  
Kathryn C. Ibata-Arens

What explains the rapid and sustained economic rise of Asian countries in high-technology industries, including biomedicals? The biomedical industry, comprised mainly of biopharmaceuticals and medical devices, is among the fastest growing globally and has been an economic-development target of national governments around the world. The book presents a conceptual framework to assess national government management of innovation and entrepreneurship in the fast-growing biomedical industry in Asia, which at current growth rates is on track to become the center of the world economy. Four Asian countries—China, India, Japan, and Singapore—are compared in terms of innovation capacities, government policy, and firm-level strategies underlying competitive advantages in high technology. The book argues that countries that pursue networked technonationalism have been effective in upgrading innovation capacity and also encouraging entrepreneurial activity in targeted industries. The study begins with a global-level analysis of biomedical innovation and entrepreneurship, identifying emerging concentrations of scientific citation, patenting, and firm creation—paying close attention to trends in Asian economies and future prospects. Findings indicate a gradual shift to Asian economies of many biomedical-innovation and new-business-creation activities. The book concludes with implications for innovation policy and entrepreneurship strategy in Asia and elsewhere.


2013 ◽  
Vol 216 ◽  
pp. 896-919 ◽  
Author(s):  
Sebastian Heilmann ◽  
Lea Shih ◽  
Andreas Hofem

AbstractMany studies raise doubts about the effectiveness of the institutions, programmes and instruments that shape the Chinese national innovation system. This article scrutinizes central–local interactions in the national Torch Programme that has governed a large group of high-technology zones since 1988. The Torch Programme's procedural practices challenge widely shared assumptions about the dirigiste character of Chinese innovation policy. It combines centralized definition of programme objectives with extensive local implementation experiments. As three case studies demonstrate, bottom-up policy innovations are effectively fed back into national programme adjustments and into horizontal policy diffusion. The array of organizational patterns and promotional instruments that emerges from competitive “experimentation under the shadow of hierarchy” (ESH) goes way beyond what could have been initiated from top down. We hypothesize that the procedural strengths displayed in the Torch Programme may provide better indicators of future innovative potential in China's high-technology zones than retrospective statistical indices and benchmarks that are derived from OECD experience.


2000 ◽  
Vol 2 (2) ◽  
pp. 225-250 ◽  
Author(s):  
Seungjoo Lee

The examination of the U.S.—Japan conflicts from the mid-1980s to early 1990s over the space industry sheds light on our understanding of the Japanese political economy. The Japanese response to U.S. pressure was not so strategic as conventional wisdom suggests. Under U.S. pressure, Japan shifted to international cooperation, abandoning the autonomous development policy it had sought for four decades. This unexpected policy change primarily resulted from the lack of clear jurisdictional authority among the government actors over the rapidly changing space industry. This study's findings will apply to other high technology industries such as telecommunications and information technology, where bureaucratic boundaries are ambiguous and technological change is rapid.


Author(s):  
Iryna Otenko ◽  
Оlena Ptashchenko

Introduction. The presented work considers the main features of the high-tech sphere, presents trends in its development taking into account the requirements of time and processes of globalization and integration based on the generalization and analysis of theoretical, analytical and statistical information layer.  It is determined that the concept  of high technology is a new technology based on the current stage of scientific and technological development. They correspond to a specific list of world commodity markets and priorities of scientific, technical and innovation policy of developed countries. The peculiarity of high technologies is that their rapid development changes the market and accelerates in other sectors of the economy.The purpose of the study is the process of creating new high technologies, and the subject of the study is the analysis of the main trends in the development of high-tech industry. The aim of the study is to consider the processes of globalization in the context of their impact on the high-tech sphere. The study is based on the analysis of research in the field of high technology and the formation of major trends in high-tech development, which allows to predict the main vector of development of high-tech sphere and the ability to forecast the development of domestic high-tech sphere.Research methods. The article used general scientific and specific research methods, in particular: comparison - to study the theoretical foundations of high-tech development and the formation of a categorical research apparatus; analysis and synthesis - in the process of identifying trends in the development of high-tech sphere.Research results. Technological progress has completely changed the structure of the modern world economy. Thanks to technology, new activities have now been developed, many of which are efficient and highly profitable. A classic example of the impact of      the introduction of high technology in everyday life is the emergence and use of new information technology. With the widespread use of new communication technology, this has dramatically reduced the cost of voice, data, text, images, and international charges for the transmission of information. Note that not every technology is a commodity and not every brand of technology. Technology can be a commodity in a certain field of activity, from an idea to a market, where you can identify applications that can be commercialized, analyzed and used. However, in this case, the technology must meet the requirements of standard products, such as patents, know-how, industrial or industrial designs, manufacturing practices, equipment and other equipment, technology, in short, as a means of production. technological processes.Perspectives. In future research we plan to identify the main problems of development of high-tech sphere of Ukraine; a promising direction is to determine the main characteristics of high-tech products, which are formed at each stage of production and in the presence of unsatisfactory characteristics, possible intervention in the production process of a prototype high-tech product.


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