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Technological Innovation and Economic Performance. Paperback – February 3, 2002

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About the Author

Benn Steil is André Meyer Senior Fellow in International Economics at the Council on Foreign Relations.

David G. Victor is Robert W. Johnson, Jr., Senior Fellow and Director of the Science and Technology program at the Council on Foreign Relations.

Richard Nelson is George Blumenthal Professor of International and Public Affairs, Business and Law at Columbia University. --This text refers to an out of print or unavailable edition of this title.


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Product Details

  • Series: Council on Foreign Relations Book
  • Paperback: 476 pages
  • Publisher: Princeton University Press (January 2002)
  • Language: English
  • ISBN-10: 0691090912
  • ISBN-13: 978-0691090917
  • Product Dimensions: 7 x 1.1 x 10 inches
  • Shipping Weight: 1.8 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #3,145,203 in Books (See Top 100 in Books)

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By William A. Thayer on December 14, 2014
Format: Paperback Verified Purchase
This is one of the few books that actually addresses economic performance and technological innovation. Most economists seem to think that growth comes from interest rates. Well, it doesn't. It comes primarily from innovation. The book first goes through some of the innovative countries and what they have contributed. Then it goes through specific industries.

The real problem is that we are not collecting the proper statistics on innovations impact. What we should be trying to determine is something like "the GDP grew 6% due to innovation and 3% GDP was used by the country for R&D". But we don't have any statistics like that. Consequently, the best the authors (each subject was by a different author) can do is state the R&D budgets and some productivity statistics (with no explanation of how these statistics were arrived at).
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