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Let a hundred flowers bloom! Decentralization and innovation

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  • Leonard I. Nakamura

Abstract

Which is more likely to encourage creativity and innovation: a centralized or a decentralized system of support? That is, should large organizations and recognized experts determine who gets funding for their ideas? Or should small businesses, patrons, and foundations provide the primary support for innovation? In \\" Let a Hundred Flowers Bloom! Decentralization and Innovation,\\" Nakamura looks at the case for both sides using economic analysis, empirical studies, and anecdotal evidence

Suggested Citation

  • Leonard I. Nakamura, 2003. "Let a hundred flowers bloom! Decentralization and innovation," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 21-33.
    • Handle: RePEc:fip:fedpbr:y:2003:i:q1:p:21-33
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    References listed on IDEAS

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    1. Nickell, Stephen J, 1996. "Competition and Corporate Performance," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 724-746, August.
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