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ECONOMIC CONSIDERATIONS IN THE SELECTION OF GENERIC TECHNOLOGIES

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A vast array of new processes and product innovations can arise from a single broad-based generic technology such as biotechnology. A small country like Australia faces some difficult choices in determining which science-based generic technologies should be supported and to what extent. This paper explores the economic factors that should be taken into account by firms and by Government in determining the choice of generic technology. It considers the problem of identifying ex ante the particular technologies in which Australia may have a comparative advantage. It also shows why certain facets of the existing industrial structure are relevant to the selection of generic technologies.

SKU: 0810-90288631836 Category: Tag:

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By Brian L. Johns

A vast array of new processes and product innovations can arise from a single broad-based generic technology such as biotechnology. A small country like Australia faces some difficult choices in determining which science-based generic technologies should be supported and to what extent. This paper explores the economic factors that should be taken into account by firms and by Government in determining the choice of generic technology. It considers the problem of identifying ex ante the particular technologies in which Australia may have a comparative advantage. It also shows why certain facets of the existing industrial structure are relevant to the selection of generic technologies.

page: 5 – 19
Prometheus: Critical Studies in Innovation
Volume 6, Issue 1

SKU: 0810-90288631836

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