Can new technology firms succeed in coordinated market economies? A response to Herrmann and Lange

2008 ◽  
Vol 7 (2) ◽  
pp. 209-215 ◽  
Author(s):  
S. Casper
Keyword(s):  
New Technology ◽  
Market Economies ◽  
Technology Firms ◽  
Coordinated Market Economies

Ordoliberalism and Neoliberalization: Governing through Order or Disorder

2019 ◽  
Vol 45 (7-8) ◽  
pp. 967-981 ◽  
Author(s):  
Bob Jessop
Keyword(s):  
Free Market ◽  
Varieties Of Capitalism ◽  
Regime Shifts ◽  
Market Economies ◽  
Strong State ◽  
Coordinated Market Economies ◽  
Conditions Of Possibility ◽  
Mode Of Regulation

Although both promote a free market and strong state, ordoliberalism is usefully contrasted with neoliberalization. Ordoliberals aim to achieve this goal by creating a juridico-political institutional fix that provides a stable framework for accumulation. Promoters of neoliberal regime shifts pursue it through strategies of destabilization that exploit resulting crises. Ordoliberalism governs through order, neoliberalization through disorder. Further, ordoliberalism corresponds more to an accumulation regime and mode of régulation-cum-governance based on a productivist concept of capital, reflecting the dominance of profit-producing capital in coordinated market economies. But it also has limited conditions of possibility and is relatively rare. In contrast, neoliberalization corresponds more to what Weber described as politically oriented capitalism, especially a finance-dominated accumulation regime, which is aligned with interest-bearing capital. It occurs in many more varieties of capitalism.

Global patent system rethink is required ahead

2015 ◽  
Keyword(s):  
Patent Protection ◽  
Low Cost ◽  
New Technology ◽  
Consumer Welfare ◽  
Patent System ◽  
Content Type ◽  
Patent Pools ◽  
Technology Firms ◽  
Diffusion Of Knowledge ◽  
The Us

Subject Outlook for the global patent system. Significance Innovation and the diffusion of new technology contribute to GDP growth and consumer welfare. Intellectual property rights such as patents are designed to promote innovation by rewarding inventors with a right of exclusion that prevents others from making, selling or using their invention for a fixed period of time, unless they pay a licence fee. Patent registration is increasing rapidly both within advanced and emerging countries, as the latter learn about its value. However, there is a conflict between rewarding innovators with monopoly rights and promoting the diffusion of knowledge at low cost. As more products and techniques are protected by patents, there is concern that the system is inhibiting rather than promoting growth. Impacts The US patent system supports innovation, while the EU system is less clearly defined with unitary patent protection. Licensing will need to be easily obtained at reasonable prices with terms conducive to both technological and business model exploration. Governments and supranational authorities will need to ensure that patent pools can operate within sympathetic but fair antitrust regimes. Regulatory authorities will need to ensure that patent pools cannot become tools for collusive activity by leading technology firms. Firms will need to monitor constantly legislation and judgments relating to their industry in countries in which they operate.

scholarly journals Introduction: The Changing Organization of Industry

2005 ◽  
Vol 79 (3) ◽  
pp. 453-466 ◽  
Author(s):  
Paul Duguid
Keyword(s):  
Comparative Research ◽  
New Technology ◽  
Industrial Clusters ◽  
Dense Networks ◽  
Emerging Industries ◽  
Technology Firms ◽  
Japanese Firms ◽  
Competitive Disadvantage ◽  
Interfirm Relations ◽  
Market Relations

In his seminal 1972 essay on the “organization of industry,”G. B. Richardson argued that economists had generally viewed firms as “islands of planned co-ordination in a sea of market relations.” Business historians, too, had focused predominantly on the firm (or entrepreneur) and the market. In drawing attention when he did to the “dense networks of co-operation and affiliation by which firms are inter-related,” Richardson was on the forefront of what would become a noticeable shift in the analysis of business organization. There were many reasons for this transition. In particular, the comparative success of the “Japanese model,” with its “intermarket”keiretsudisturbed standard assumptions. (Richardson himself pointed to Japanese firms as thriving examples of interfirm relations.) Furthermore, it was becoming clear that in many emerging industries networked relations of industrial clusters were increasingly important. Comparative research suggested that new-technology firms with tightly drawn boundaries were at a competitive disadvantage compared to firms that had developed cooperative links not only to suppliers but even to competitors. To explain such developments, economists, organizational theorists, and business historians alike looked beyond not only the conventional boundaries of the firm but also the conventional boundaries of their disciplines. In particular, they turned to theories of networks, the topic of this special issue.

Do UK venture capitalists still have a bias against investment in new technology firms

2002 ◽  
Vol 31 (6) ◽  
pp. 1009-1030 ◽  
Author(s):  
Andy Lockett ◽  
Gordon Murray ◽  
Mike Wright
Keyword(s):  
New Technology ◽  
Venture Capitalists ◽  
Technology Firms
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