Winner of Balsillie Prize for Public Policy Winner of Donner Prize A Summer Book of 2021, Financial Times Longlisted Financial Times and McKinsey Best Business Book of the Year A challenge to prevailing ideas about innovation and a guide to identifying the best growth strategy for your community. Across the world, cities and regions have wasted trillions of dollars on blindly copying the Silicon Valley model of growth creation. Since the early years of the information age...

"An important book. It should make both Chinese bureaucrats and Western pundits think twice before pronouncing on China's 'innovation deficit.'" —Schumpeter, The EconomistWinner of the Susan Strange Best Book Award, as given by the British International Studies AssociationFew observers are unimpressed by the economic ambition of China or by the nation's remarkable rate of growth. But what does the future hold? Thi...

Given the powerfully negative and ongoing impact of the Great Recession on western economies, the question of whether historically wealthy nations--the US, Western European countries, Japan--can stay wealthy has become an overriding concern for virtually every interested observer. Can their middle classes remain comfortable as more and more good and technically jobs disappear to other parts of the world? Can they support themselves as they devote more and more economic resources to an agin...

The neo-liberalism that dominated economic thinking since the advent of Thatcher and Reagan is now seen to have serious flaws. Progressive Capitalism seeks to replace it with a new Progressive political economy, based on an analysis of why the growth rates of countries differ, and what firms have to do to achieve competitive advantage in today's global economy. The cornerstone of the political economy of Progressive Capitalism is a belief in capitalism. But it also incorporates the three d...

Countries worldwide are struggling to imitate the industrial prowess of the East Asian pacesetters, but growth accelerations have proven remarkably transient. Building a portfolio of tradable goods and services and steadily raising the level of investment in these activities, has generally defied the best policy efforts - in particular, bringing investment ratios on par with East Asian averages has presented the greatest challenge. Hence the search is on for growth recipes not so tightly boun...

Imagine this: a mere century ago, the purchasing power of an average American was one-tenth of what it is today. But what will it take to sustain that growth through the next century? And what can be said about economic growth to aspiring nations seeking higher standards of living for their citizens?In this important book, William J. Baumol, Robert E. Litan, and Carl J. Schramm contend that the answers to these questions lie within capitalist economies, though many observers make th...

If there is an X PRIZE for collaborative thought leadership of the social ecosystem, this book would get it.Dr. Peter H. DiamandisChairman and CEO, X PRIZE FoundationThe World that Changes the World is thought leadership at its best—envisioning the future through reflection and analysis of past trends and contemporary challenges.Senator the Hon. Ursula StephensAustralian Parliamentary Secretary for Social Inclus...

For decades, the idea that more education will lead to greater individual and national prosperity has been a cornerstone of developed economies. Indeed, it is almost universally believed that college diplomas give Americans and Europeans a competitive advantage in the global knowledge wars. Challenging this conventional wisdom, The Global Auction forces us to reconsider our deeply held and mistaken views about how the global economy really works and how to thrive in it. Drawing on...

This comprehensive volume from Wiley's Global Dimensions of Business series explores the topic of international strategic management at an MBA or Executive Education level. Authored by an accomplished teacher who possesses a strong understanding of the market, this text offers clear frameworks coupled with lively, international case studies.Written by an experienced teacher possessing a strong research profile and a clear understanding of the market.Emphasizes organ...

The spread of capitalism worldwide has made people wealthier than ever before. But capitalism’s future is far from assured. The global financial meltdown of 2008 nearly produced a great depression. Economies in Europe are still teetering. Income inequality, resource depletion, mass migrations from poor to rich countries, religious fundamentalism-these are just a few of the threats to continuing prosperity.How can capitalism be sustained? And who should spearhead the effort? Critics...

Outsourcing Economics has a double meaning. First, it is a book about the economics of outsourcing. Second, it examines the way that economists have understood globalization as a pure market phenomenon, and as a result have 'outsourced' the explanation of world economic forces to other disciplines. Markets are embedded in a set of institutions - labor, government, corporate, civil society, and household - that mold the power asymmetries that influence the distribution of the gains from glo...

Innovation in all its forms, particularly technological innovation, has become a crucial driver of growth, enhancing competitiveness and increasing social well-being in all economies of the world. In a broad and diversified sense, innovation comprises not only the creation of new technology, but even more important, it includes the diffusion and use of products, processes, and practices that are new in a given country context. Inspired by the experiences of both industrial and developing coun...