The Assessment: Technology Policy
Current research and problems in science and technology policy are reviewed. Trends in innovative activity in the G-7 economies during the past two decades are summarized and the economic rationale for policy in this area given. Policy tools currently in use in many countries include tax credits and subsidies, the intellectual property system, and competition policy. Ongoing areas of current controversy are the interaction of intellectual property and competition policies, environmental and innovation policy, standard-setting in industries characterized by network externalities, and the privatization of scientific research and its consequences. Copyright 2002, Oxford University Press.
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