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Creating Silicon Valley in EuropePublic Policy Towards New Technology Industries$
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Steven Casper

Print publication date: 2007

Print ISBN-13: 9780199269525

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199269525.001.0001

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Introduction

Introduction

Chapter:
(p.1) 1 Introduction
Source:
Creating Silicon Valley in Europe
Author(s):

Steven Casper (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199269525.003.0001

How easily can governments alter the industrial structure of economies? This introductory chapter explores competing perspectives on the ability of governments to promote competitiveness within new technology industries, such as biotechnology and software. A first approach, widely shared by governments, is that policy can orchestrate the allocation of resources into new technology sectors needed to promote competitiveness. A second approach, widely endorsed by recent academic research, is that enduring national institutional frameworks strongly impact the governance of new technology firms. A popular strand of institutional research known as the “varieties of capitalism” approach makes particularly strong claims linking institutions to innovation. According to this perspective, most European economies have “organized” institutional frameworks that impede competitiveness in new technology industries. This chapter explores this debate, and sets the agenda used by the book to evaluate the extent to which institutional frameworks impact the ability of governments to promote competitiveness within new technology industries.

Keywords:   varieties of capitalism, innovation, national competitiveness, public policy, technology policy, new technology industries

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