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The Evolution of Biotechnology in Three Continents: Schumpeterian or Penrosian?

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  • PHILIP COOKE

Abstract

This Editorial introduces the Special Issue on ‘Biotechnology Clusters and Beyond’. Drawing on the interventions of five commissioned articles from Canada, Germany, Israel, the UK and the US it suggests that biotechnology clusters are interesting and important intellectually and for policy deliberation. They pose questions about basic cluster theory because localized networks, though intense, may not be as extensive as global ones in firm practices, especially as these evolve over time. Moreover, innovation is more deeply embedded in the publicly funded science base than for ‘Porterian’ clusters. Regarding innovation, biotechnology is also less obviously Schumpeterian, there being little market-driven ‘creative destruction’, and is arguably, with its strong emphasis on both large- and small-firm ‘capabilities’—Penrosian—an emphasis in clustering research and applications that warrants further investigation. Finally, at the specific technology-exploitation phase, market interactions assert themselves over milieu characteristics because scientists know the value of their discoveries and there is accordingly high appropriability associated with such knowledge capabilities.

Suggested Citation

  • Philip Cooke, 2003. "The Evolution of Biotechnology in Three Continents: Schumpeterian or Penrosian?," European Planning Studies, Taylor & Francis Journals, vol. 11(7), pages 757-763, October.
  • Handle: RePEc:taf:eurpls:v:11:y:2003:i:7:p:757-763
    DOI: 10.1080/0965431032000121328
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    Cited by:

    1. Poh-Kam Wong, 2007. "Commercializing biomedical science in a rapidly changing “triple-helix” nexus: The experience of the National University of Singapore," The Journal of Technology Transfer, Springer, vol. 32(4), pages 367-395, August.
    2. Philip Cooke, 2004. "Special issue: globalisation of biotechnology," European Planning Studies, Taylor & Francis Journals, vol. 12(7), pages 915-920, October.
    3. Bruce Rasmussen, 2010. "Innovation and Commercialisation in the Biopharmaceutical Industry," Books, Edward Elgar Publishing, number 13680.
    4. Sharmistha Bagchi-Sen, 2006. "Strategic Considerations for Innovation and Commercialization in the US Biotechnology Sector," European Planning Studies, Taylor & Francis Journals, vol. 15(6), pages 753-766, May.
    5. Helen Lawton Smith, 2017. "Entrepreneurship policies and the development of regional innovation systems: theory, policy and practice," Working Papers 36, Birkbeck Centre for Innovation Management Research, revised Feb 2017.
    6. Philip Cooke, 2010. "Global Bioregions: Knowledge Domains, Capabilities and Innovation System Networks," Chapters, in: Riccardo Viale & Henry Etzkowitz (ed.), The Capitalization of Knowledge, chapter 5, Edward Elgar Publishing.
    7. Scaringella, Laurent & Radziwon, Agnieszka, 2018. "Innovation, entrepreneurial, knowledge, and business ecosystems: Old wine in new bottles?," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 59-87.

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