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National targeting policies, high‐technology industries, and excessive competition

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  • Richard Brahm

Abstract

This paper explores some fundamental changes in market dynamics that are unfolding in the new competitive landscape as a result of aggressive industrial intervention by nation'states. The thesis is that national targeting policies are likely, under identifiable conditions, to cause rivalry in high‐technology industries to become excessively competitive, strictly defined in terms of producer welfare. The paper analyzes why this is likely to occur in high‐technology sectors rather than in other types of industries, and how excessive competition is likely to be manifested in specific dimensions of competitive rivalry. The paper also discusses research opportunities for further development of a theory of the political economy of excessive competition and for strategy scholars to make new contributions to trade policy debates.

Suggested Citation

  • Richard Brahm, 1995. "National targeting policies, high‐technology industries, and excessive competition," Strategic Management Journal, Wiley Blackwell, vol. 16(S1), pages 71-91.
    • Handle: RePEc:bla:stratm:v:16:y:1995:i:s1:p:71-91
    DOI: 10.1002/smj.4250160918
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    Cited by:

    1. Bodas Freitas, Isabel Maria & Marques, Rosane Argou & Silva, Evando Mirra de Paula e, 2013. "University–industry collaboration and innovation in emergent and mature industries in new industrialized countries," Research Policy, Elsevier, vol. 42(2), pages 443-453.
    2. Elitsa R. Banalieva & Ravi Sarathy, 2011. "A Contingency Theory of Internationalization," Management International Review, Springer, vol. 51(5), pages 593-634, October.
    3. Panikos Georgallis & João Albino-Pimentel & Nina Kondratenko, 2021. "Jurisdiction shopping and foreign location choice: The role of market and nonmarket experience in the European solar energy industry," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(5), pages 853-877, July.
    4. George, Gerard & Prabhu, Ganesh N., 2003. "Developmental financial institutions as technology policy instruments: implications for innovation and entrepreneurship in emerging economies," Research Policy, Elsevier, vol. 32(1), pages 89-108, January.
    5. Xia, Fang & Lu, Xi & Song, Feng, 2020. "The role of feed-in tariff in the curtailment of wind power in China," Energy Economics, Elsevier, vol. 86(C).
    6. Amankwah-Amoah, Joseph & Sarpong, David, 2016. "Historical pathways to a green economy: The evolution and scaling-up of solar PV in Ghana, 1980–2010," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 90-101.
    7. Sergio G. Lazzarini, 2015. "Strategizing by the government: Can industrial policy create firm-level competitive advantage?," Strategic Management Journal, Wiley Blackwell, vol. 36(1), pages 97-112, January.
    8. Lee, Seung-Hyun & Peng, Mike W. & Song, Sangcheol, 2013. "Governments, entrepreneurs, and positive externalities: A real options perspective," European Management Journal, Elsevier, vol. 31(4), pages 333-347.
    9. Ascani, Andrea & Gagliardi, Luisa, 2020. "Asymmetric spillover effects from MNE investment," Journal of World Business, Elsevier, vol. 55(6).

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