Public Policy 2 - Regional Innovation, Knowledge, And Globalization

Public policy Regional innovation , companionship and globalisationDuring the veritable(a)tually globalization decade , new major(ip) players appeargond in the solid ground economy . They proved to be sustaining instauration economy ingathering in a very(prenominal) efficient way . This commend what Karl Marx in early XXth century described as the unceasing quest for growth of the capitalist economy Marx explained very all the way that foodstuff economy could only survive if it was able to dramatize . One of the solution found in to sustain this intricacy was to keep innovating as it would render old products obsolete and and then give artificially new merchandisesThis principle of expansion is even more important now that most part of the orbit have adhered to the idea of globalization . Therefore , one of the very good way to enable this continuous expansion would be to help create countries to join the create aras in to create new marketsObservation of how developing countries have reached the level of being major players in world economy shows that innovation and knowledge are the major take exception in to be successful , save need developing countries to adapt before it pot be implementedIn the 21st century economy , knowledge has become a production factor and also a vital market advantage (Morales . Tighter time constraints access to information and technology and scientific skills upgrading are compulsory in to keep up with the market . The sharing of knowledge becomes extremely important when firms face exceedingly competitive or quickly changing marketsIn a world where less than 50 of the population has access to a knowledge produced by 15 of them , research shows that regions with advances in technology are more exchangeablely to innovate further . Therefore the gesture of how to attain the critical knowledge mass that enables developed countries to mistreat in the market has become a real challenge (Sachs : 2000In fact , there are numerous ways of merchandise the technology a country does not have , like importing it , obtaining licences from patent holders or attracting foreign direct investing .

precisely experience shows that attracting foreign investment works fracture if the developing country shares a b with its partner developed country . In the new industrial competition , firms are compressing their product development cycle through practise of concurrent of simultaneous engineering , which implies that R D are best carried out in geographical proximityThis constraint can be illustrated through the Mexican case . Mexico joined a north American regional pledge (NAFTA ) which does not , as such , stipulate any policy directed towards upgrading research and technological capability as a whole . But , as any other regional trade agreement it enabled Mexico to stimulate the importation of technology in the country . In this multi state region , innovation as well as capacity to be innovative is transmitted by heavy(p) firms to their major providers through the supplier chain . Therefore , developing countries depend upon foreign firms to set the standard for export competitiveness (Morales , p157The European example of super-regional research and technology policy shows that minimizing major economic disparities among member nations...If you want to get a practiced essay, order it on our website: Ordercustompaper.com

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