Innovation Policy and the Limits of Laissez-faire

Innovation Policy and the Limits of Laissez-faire

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Hong Konga€™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.More recently, Cyberport has been focusing on console games, and has worked with Sony to try to improve support ... A similar program had existed for Microsofta#39;s Xbox, and Hong Kong was second behind Taiwan in terms of Xbox incubation. ... A lot of the original firms have aquot;graduated, aquot; but most have found additional investments to take their ideas forward, ... However, this is discordant with one otheranbsp;...

Title:Innovation Policy and the Limits of Laissez-faire
Author: Douglas B Fuller
Publisher:Palgrave Macmillan - 2010-11-15

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