TechnologyGlobalisationandEconomicPerformance

Technologicalinnovationissaidtobebreakingdownborders.Theinternet,theexplosionofglobalisedfinancialmarkets,increasedforeigndirectinvestmentbytransnationalcorporations-allareportrayedasevidenceofaglobalmarketinwhichthenationstateislittlemorethanananachronism.Yetsomeeconomieshaveprovedmoreinnovativeanddynamicthanothers,andthereseemsnoreasontobelievethatthesedifferencesinnationaleconomicperformancewillbecomeathingofthepast.Onthecontrary,asmanyofthechaptersinthisbookargue,withaglobalmarket,anycompetitiveadvantageislikelytobringlargerrewards,andgovernmentactionaimedatenhancingthecompetitiveadvantageoffirmsbecomesmoreratherthanlessimportant.Itiswithinthiscontextthattechnologicalglobalisationisanalysedinthisbook.