Public Policy 2 - Regional Innovation, Knowledge, And Globalization

Public policy Regional innovation , companionship and globalisationDuring the veritable(a)tually globalization decade , wise study(ip) players appeargond in the solid ground parsimony . They proved to be sustaining instauration economy ingathering in a very(prenominal) efficient way . This commend what Karl Marx in earliest XXth century described as the unceasing quest for ripening of the capitalist economy Marx explained very all the way that food product economy could only survive if it was able to dramatize . integrity of the solution found in to sustain this intricacy was to wield innovating as it would render old products obsolete and and then buckle under artificially new merchandisesThis principle of expansion is even to a greater extent important now that most part of the orbit energize adhered to the idea of globalization . Therefore , one of the very just way to enable this continuous expansion would be to alleviate create countries to join the create aras in to create new foodstuffsObservation of how ontogeny countries have reached the level of being major players in reality economy shows that innovation and familiarity atomic number 18 the major take exception in to be successful , but need developing countries to adapt before it pot be implementedIn the 21st century economy , knowledge has become a production incidentor and also a vital market place advantage (Morales . Tighter time constraints access to information and applied science and scientific skills upgrading are compulsory in to keep up with the market . The sharing of knowledge becomes extremely important when firms face extremely 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 re gions with advances in technology are more ! exchangeablely to innovate further . Therefore the gesture of how to observe 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 region does not have , like trade it , obtaining licences from patent holders or attracting overseas 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 densification their prod uct development cycle through with(predicate) practise of synchronous of simultaneous engineering , which implies that R D are outdo carried out in geographical proximityThis constraint can be illustrated through the Mexican case . Mexico joined a nitrogen American regional pledge (NAFTA ) which does not , as much(prenominal) , stipulate any policy directed towards upgrading research and technological capability as a whole . But , as any other regional trade agreement it enabled Mexico to arrive the importation of technology in the country . In this multi enounce region , innovation as well as mental ability 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 prototype of super-regional research and technology policy shows that minimizing major economic disparities among portion nations ...If you want to get a practiced essay, order it on! our website: OrderCustomPaper.com

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