Keywords: technology development, institutional innovation, public sector R&, D, general purpose technology, nuclear power, computers, biotechnology, technology policy, technology transfer
The role of the public sector in technology development: generalisations from general purpose technologies
In the science and technology policy literature that emerged in the early 1980s, it was held that, while public support for science is appropriate, public support for technology development represents an unproductive use of public resources. The perspective that emerges in my recent book, Technology, Growth and Development: An Induced Innovation Perspective (Oxford, 2002) is quite different. Government has played an important role in technology development and transfer in almost every US industry that has become competitive on a global scale.