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Innovation Policy and the Limits of Laissez-faire : Hong Kong's Policy in Comparative Perspective by Douglas B. Fuller (eds.) is a nonfiction available to read on EtoBox.

What is Innovation Policy and the Limits of Laissez-faire : Hong Kong's Policy in Comparative Perspective about?

Hong Kong's laissez-faire tradition has crippled attempts to transform it into a more knowledge-intensive economy and this is a lesson with wide applicability. Many emerging economies face innovation bottlenecks, but even some more advanced economies face similar constraints and may benefit from the lessons of its negative example. In the wake of China's economic reforms in 1978, Hong Kong's industrial economy migrated northward, and it could have set about developing a knowledge-intensive economy. But while Hong Kong's early industrialization was a runaway success, its transformation into a new kind of economy has been beset by problems. In this book, leading experts lay the blame on Hong Kong's laissez-faire tradition. Hong Kong's innovation performance is assessed from regional and global perspectives while examining specific industries and economy-wide institutions for innovation. The lesson drawn is that in countries lacking both large businesses equipped with developed innovation capabilities and institutions for fostering the creation, diffusion, and commercialization of knowledge, laissez-faire just doesn't work. It is this policy of 'positive non-intervention' that has cri

Who reads Innovation Policy and the Limits of Laissez-faire : Hong Kong's Policy in Comparative Perspective?

Author

Douglas B. Fuller (eds.)

Publisher

Palgrave Macmillan UK

Published

2010

Language

EN

ISBN

9781283266376

Category

nonfiction

Subjects

Business, Science, Technology