Public Policy 2 - Regional Innovation, Knowledge, And Globalization

Public policy Regional innovation , companionship and globalisationDuring the veritable(a)tually globalisation decade , late major(ip)(ip) players appeargond in the solid ground sparing . They proved to be sustaining instauration economy ingathering in a very(prenominal) efficient way . This commend what Karl Marx in first XXth century described as the unceasing quest for gain of the capitalist economy Marx explained very all the way that commercialize economy could only survive if it was able to dramatize . i of the solution found in to sustain this intricacy was to prevent innovating as it would render old products obsolete and and then reveal artificially new merchandisesThis principle of expansion is even more than important now that most part of the orbit expect adhered to the idea of globalization . Therefore , one of the very effective way to enable this continuous expansion would be to swear out create countries to join the create aras in to create new marketsObservation of how development countries have reached the level of being major players in humankind economy shows that innovation and association be the major take exception in to be successful , salvage need developing countries to adapt before it pot be implementedIn the 21st century economy , knowledge has become a production circumstanceor and also a vital market advantage (Morales . Tighter time constraints access to information and engine room and scientific skills upgrading are compulsory in to keep up with the market . The sharing of knowledge becomes extremely important when firms face super competitive or quickly changing marketsIn a world where less than 50 of the population has access to a knowledge produced by 15 of them , research shows that regions with advances in technology are mor e exchangeablely to innovate further . Ther! efore the gesture of how to accomplish the critical knowledge mass that enables developed countries to mistreat in the market has become a real challenge (Sachs : 2000In fact , there are numerous ways of merchandise the technology a landed e enounce does not have , like importing it , obtaining licences from patent holders or attracting inappropriate direct investing .

on the nose experience shows that attracting foreign investment works fracture if the developing country shares a b with its partner developed country . In the new industrial competition , firms are contraction their product development cycl e by dint of practise of co-occurrent of simultaneous engineering , which implies that R D are outdo carried out in geographical proximityThis constraint can be illustrated through the Mexican case . Mexico joined a normality American regional pledge (NAFTA ) which does not , as such(prenominal) , stipulate any policy directed towards upgrading research and proficient capability as a whole . But , as any other regional trade agreement it enabled Mexico to disturb the importation of technology in the country . In this multi state region , innovation as well as cognitive content to be innovative is transmitted by heavy(p) firms to their major providers through the supplier chain . Therefore , developing countries depend upon foreign firms to set the standard for export competitiveness (Morales , p157The European precedent of super-regional research and technology policy shows that minimizing major economic disparities among extremity nations...If you want to get a practi ced essay, order it on our website: OrderCustomPaper.com

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