Not Your Father's University
Not Your Father's University
The view regarding the role of universities has changed dramatically in the entrepreneurial society. There are several reasons for the emergence of the university as an engine of economic growth. The first is the shift away from the managed economy. A consequence of globalization in the most developed countries has been to shift the comparative advantage away from traditional manufacturing industries and towards new knowledge-based economic activity. But where is this knowledge to come from? The university serves as a vital source of new economic knowledge. As research and knowledge become perhaps the most crucial component to generating economic growth and competitive jobs in globally-linked markets, universities emerge as a key factor in determining the future well-being of the United States.
Keywords: Humboldt, Europe, Germany, France, land grant universities, regional economic policy, public policy, research and development, Small Business Innovation Research Program, Advanced Technology Policy
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