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Over the past decade, the Chinese state has made major efforts to transition China’s economy away from a focus on manufacturing, and towards a focus on generating indigenous innovation in R&D intensive fields such as nanotechnology. This goal has been pursued through a comprehensive industrial policy framework that aims to give preferential treatment to Chinese companies in domestic markets while...
For the last twenty years Russia has been struggling to turn itself into an efficient market economy. Innovation and technological development are considered to be one of the best ways to achieve impressive results. The country has succeeded in retaining certain strengths of the Soviet science and technology system but it has often failed to address the former weaknesses and emerging challenges. There...
China has challenged the dominance of advanced OECD countries in high technologies by emerging as a leading country in nanotechnology; projected as a key technology of the 21st century. Stakes are high as estimated market value and economic and social benefits are immense for countries that can attain competency in this technology. The study makes a broad assessment of nanotechnology performance of...
Do first-mover advantages exist for public policy? The theory of the first-mover advantage has been well studied in organization theory and marketing science. It is generally accepted that first-mover firms have multiple benefits such as technological leadership, asset preemption, and heightened buyer switching costs. First-mover firms also have the disadvantages of free-ridership, technology uncertainty...
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