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Sustained economic growth has been high in the list of priorities of many nations, developed and developing, and the important role of new technology on it has long been recognized in literature.This article examines some factors that affect national innovation activity. The assumption is that innovation grows in the framework of a national system of institutions and organizations. Objective of this...
Taiwan has made significant progress in the semiconductor industry with government agencies and bureaucrats as the driving forces over the past 30 years. Taiwan's impressive achievement in the semiconductor industry clearly indicates that the government failures and agency problem usually associated with deep government involvement did not occur in Taiwan. Why is that the case? This paper proposes...
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