Browsing by Subject "economic growth"

Now showing 1 - 6 of 6

Building and Creating the Future of the South: Breakthrough Partnerships for the 21st Century
(IC² Institute, 1997-06-23) Kozmetsky, George
In a presentation to the Southern Growth Policy Board’s 1997 Conference on the Future of the South, argues that partnership, including Public Private Partnerships, for the 21st century needs to be about winning combinations. Describes the change in resources that generate, prosperity, jobs and meaningful futures from natural endowments and geographic location to advanced technologies based on knowledge-based investments, highly skilled personnel and abundant financial assets. Describes breakthrough partnering between the public and private sector as the key to developing technology that will generate wealth, prosperity and newer, higher paying jobs in the future. Describes four freedoms necessary to achieve breakthrough partnering: exchange of ideas, access, trade and enterprise. Argues that bold, innovative leadership is required to reshape and restructure institutions to fit the new economy.
Creative Destruction & Corporate Political Participation
(2021-05) Baysal, Eren
Creative destruction is a term first coined by economist Joseph Schumpeter to describe the emergence of new products and processes that are created in the wake of the destruction of old ones. This phenomenon has been attributed to being an essential catalyst of economic growth that shapes how industries and markets will look in the future. However, corporate political participation, such as lobbying, may be having an effect on this process due to the potential formation of vested interests between firms and political actors that preserves the status quo. In this paper I perform a literature review of creative destruction while exploring the theoretical factors that allow for creative destruction to take place in a manner that progresses the economy forward. I also review literature on corporate political activity to understand its effects on firms and markets. Next, I take a more quantitative approach by investigating firms with political ties, specifically in the energy industry, through regression and data analysis. Are these firms trading off long term economic growth of their industry for short term success? This is relevant in increasing our understanding of how certain forms of current private sector relationships with the government might be affecting the future of their industry. The regression results analyzing the relationship between innovation and lobbying were not statistically significant but other data and the literature surrounding the topics point toward the possibility of larger firms that lobby not properly utilizing their resources in the most efficient manner. It was also found that escaping old ideas and the emotional difficulty of destruction can hold back incumbent firms from constantly innovating. Industries in which entrants decide to cooperate with incumbents leads to less competition, thus decreasing the likelihood of both adopting new technology and enacting the process of creative destruction. Political participation such as lobbying, meanwhile, can be used as an effective means to influence the government and to increase profits.
Is there light at the end of the tunnel for Japan?
(IC² Institute, 1999-07-21) Kubarych, Roger M.
Explores Japan’s economic predicament and prospects for eventual recovery. Describes the origins of Japan’s economic issues and draws contrasts between Japan and America/Europe in terms of human resources, finance and politics. Offers three schools of thought on what will happen to Japan’s economic predicament in the coming years. Provides five factors justifying optimism: increases in foreign investment, deregulation of financial markets, business restructuring, bureaucratic self-awareness and the rise of the Internet. Describes additional reforms necessary for recovery, including tax reform, modernization of land use policy, acceleration of risk-taking, prevention of unwise government spending and deregulation. Offers implications for a Japanese recovery for the U.S.
Japanese Entrepreneurship and Opportunities for Partnering
(IC² Institute, 1999-06-29) Nishiyama, Hidehiko
As part of the Japan Industry and Management of Technology (JIMT) Speaker Series, discusses the importance of entrepreneurship and new technologies in securing Japan’s full economic recovery from the current economic slump. Describes the history of Japanese entrepreneurship, which experienced a golden age after WWII, and how the rise of large corporations led to less risk-taking, effectively stifling venture firms chances for success in the market. Discusses new government programs aimed at fostering venture firm growth and changes required in education, banking, mergers and acquisitions, the bankruptcy system and regional competition to support entrepreneurship. Describes current trends in small business and venture firms and the possibility for partnering with U.S. firms in collaborative research.
On the Role of the University in the Knowledge Economy
(IC² Institute, 1998-02) Conceição, Pedro; Heitor, Manuel V.
Argues for changes in the traditional way of viewing economic growth and questions the role that contemporary institutions, specifically universities, play in this process. Shows, empirically, the increasing importance that knowledge is assuming in economic activity in developed countries. Outlines a new conceptual approach to economic growth, in which the accumulation of knowledge acts as the fundamental driving force. Describes new economic growth theories, laying out principal concepts relevant to an analysis of the present-day role of the universities. Examines the role of the university in the context of knowledge-based economies. Concludes that while the role of the university is of renewed importance, its institutional integrity must be preserved through a strengthening of its ability to create and disseminate knowledge.
Optimizing Foreign Direct Investment: Attracting High-Technology Multinational Corporations in the Arab Republic of Egypt
(2020) Karamali, Iann; Jensen, Nathan
The purpose of this thesis is to provide policy recommendations for the Arab Republic of Egypt. To justify these policy recommendations, this work surveys theoretical literature, examines data about the contemporary Egyptian economy, and analyzes empirical cases. The main findings of this work relate to Egypt’s mega-projects, which provide a unique opportunity for Egypt to maximize benefits from high-technology Foreign Direct Investment; policies outlined in this work are intended to aid Egypt attract, retain, and optimize Foreign Direct Investment of this type.