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

5 out of 5 stars 1 customer review

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Editorial Reviews

About the Author

Benn Steil is Andre Meyer Senior Fellow and Director of International Economics at the Council on Foreign Relations and Editor of the journal "International Finance".

David Victor is a professor at the School of International Relations and Pacific Studies at the University of California, San Diego, where he also leads the Laboratory on International Law and Regulation. His research has covered a wide array of topics related to international environmental regulation, energy markets and international law. His previous books include Natural Gas and Geopolitics (Cambridge University Press, 2006), The Collapse of the Kyoto Protocol and the Struggle to Slow Global Warming (second edition, 2004) and Technological Innovation and Economic Performance (2002).

Richard Nelson is a cultural anthropologist whose previous books include Shadow of the Hunter, Hunters of the Northern Forest, Hunters of the Northern Ice, Make Prayers to the Raven, and The Island Within, for which he won the John Burroughs Medal for outstanding natural history writing. He is also a winner of the Lannan Literary Award for Nonfiction.

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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: #1,235,942 in Books (See Top 100 in Books)

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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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