Mature Systems in Global Markets: The Need for an Institutional Division of Labour
AbstractThis paper approaches innovation as a need and not as a choice, particularly in the case of mature systems, defined as localized systems of production that are deeply specialised in mature industries. Their only strategy to achieve competitiveness is an innovation-driven shake-out combining new technological patterns with the existing resources and involving local institutions in production in order to avoid an unbearable shock. The Italian case is useful to introduce the idea of an institutional division of labour limited by the extent of the market and the institutional coherence of the system. According to this approach, the innovation policy has also a political dimension, which development and competition possibilities depend on.
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Bibliographic InfoPaper provided by University of Ferrara, Department of Economics in its series Working Papers with number 201109.
Length: 20 pages
Date of creation: 07 Jul 2011
Date of revision:
Mature industry; Innovation; Institutions; Policy;
Find related papers by JEL classification:
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
- N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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