Competitive Industrial Development in the Age of Information: The Role of Cooperation in the Technology Sector(Routledge Studies in International Business and the World Economy)

As the global economy has evolved and matured, transnational corporations, small to medium sized enterprises (SMEs) and governments have emerged as the principal players in industrial development. Knowledge and technology have also taken on new importance as driving forces for economic growth. This work examines policy issues arising from these developments, which will be of fundamental importance in a 21st century Age of Infomation. Discussion focusses upon: * the role of national and subnational industrial policy in promoting economic performance * the impact of tax policy upon domestic technology development * bank financing of SMEs * the need for co-operation in the development of economically viable industrial policy. With special reference to the technology sector, contributors demonstrate that globally-oriented industrial policy must promote both competition and co-operation in the domestic economy. Domestic competition must be viewed as a function of global competition, strengthening a country's technological and economic development. However, domestic co-operation allows parties to compete on a global scale. It is concluded that this New Competition, embracing co-operation, is the key to understanding the four major policy issues discussed. Competitive Industrial Development in the Age of Information draws upon detailed case studies of technology sector industries to provide theoretical and empirical analyses of changing economies and changing policy needs. With contributors from academic, legal, financial and policy advisory backgrounds, this work advances research into policy questions of increasing importance. Richard J. Braudo; Jeffrey G. MacIntosh; Paul Halpern; Robert Howse; Derek Ireland; Gordon J. Lenjosek; Donald G. McFetridge; Jack Mintz; Pau

Table of Contents:
Introduction PART I Competition as cooperation: policy perspective 1 High-technology industrial policy in Canada: the future of an illusion or an illusion of the future 2 The role of cooperative industrial policy in Canada and Ontario 3 Commentary PART II Tax policy and technology development 4 Tax incentives and comparative advantage 5 Evaluating R&D income tax incentives: some lessons from the Australian experience PART III Bank financing of technology development: lending to small to mid-sized enterprises 6 The banks and innovative enterprise: opportunities and Constraints 7 The role of banks in the financing of knowledge-based SMEs 8 Commentary PART IV Competition as cooperation: law and economics perspective of cooperative industrial policy 9 Competition policy and cooperative innovation 10 Competition as cooperation: SEMATECH, Inc. and the case for competitive industrial policy 11 Commentary

About the Author :
Richard J. Braudo is a Toronto- and Dallas-based Business Economist and Management Consultant. He has been a Business Economist for more than fifteen years and a lawyer since 1996. His research includes work on competition and constitutional law, health care, international trade policy, and e-commerce. Jeffrey G. MacIntosh is a Professor of Law at the University of Toronto. He has written extensively on topics relating to corporate and securities law and has recently focused his research upon the financing of small, high technology companies.