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Additional info for Economics and Management of Technological Diversification (Routledge Studies in the Modern World Economy, 34)

Sample text

Technological specialization data: Laursen (2000). 6 J. Cantwell, A. Gambardella and O. Granstrand Perhaps some degree of moderate diversity of national industries is a good thing even in a free trade world with various comparative advantages, dispersed around the globe. Thus, Pasinetti (1981) has argued that owing to the stimulus for improvement provided by import competition, and the benefits from learning and applying technologies that are developed elsewhere – which idea can be extended to the potential for inter-industry spillovers – it is better for a country not to become too narrowly specialized.

1990), “The economics of product variety: a survey”, Marketing Science, 9 (3), 189–206. Laursen, K. (2000), “Do export and technological specialisation patterns co-evolve in terms of convergence or divergence? Evidence from 19 OECD countries, 1971–1991”, Journal of Evolutionary Economics, 10 (4), 415–436. J. (1999), Knowledge, Institutions and Evolution in Economics: The Graz Schumpeter Lectures, London and New York: Routledge. C. (1995), Diversification, Refocusing, and Economic Performance, Cambridge and London: MIT Press.

1). 1 Related diversification: The case of Du Pont after World War I The chemical firms after World War I grew by exploiting their organisational capabilities. Business diversification of these firms was sustained by the adoption of the multidivisional structure and the organisational capabilities formed through the exploitation of economies of scope. For industrial chemical firms the period between the two wars was characterised by rapid growth and diversification driven by economies of scope arising from products and processes of production and distribution.

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