Description
Book SynopsisThis magisterial volume will be the definitive study of the economics and history of the chemical industry for many years to come. The core of the volume is a study of the process of innovation in the first industry to employ science as a basis for technology. This extends over 150 years and covers four leading countries-Britain, Germany, Japan, and the United States. . . . The book will be of interest to participants in the industry, economists, and economic historians interested in growth, business school faculty and students concerned with corporate strategy, especially the management of technical change, and finally, policymakers who create the legal and political environment within which the industry has developed.-Dale W. Jorgenson, Frederic Eaton Abbe Professor of Economics, Harvard University
The chemical industry will continue to be a leading indicator of economic development in the century ahead. The research and conclusions of Ralph Landau and his colleagues capture
Trade Review"Thirteen papers study how commercial technological leadership in the chemical industry has moved across countries and firms over the last century and a half, and the forces that powered this shifting leadership." (Journal of Economic Literature, Vol. 39, No. 4, December 2001)
Table of ContentsORGANIZATION AND PURPOSE.
Introduction (A. Arora, et al.). COUNTRY OVERVIEWS.
On the Making of Competitive Advantage: The Development of the Chemical Industries of Britain and Germany Since 1850 (J. Murmann & R. Landau).
Chemicals: A U.S. Success Story (A. Arora & N. Rosenberg).
The Japanese Puzzle (T. Hikino, et al.).
INNOVATION AT THE HEART OF THE INDUSTRY.
The Process of Innovation in the Chemical Industry (R. Landau).
The Impact of the Legal System on Innovation (T. Campbell & R. Landau).
Technological Change in Chemicals: The Role of University-Industry Relations (N. Rosenberg).
SURVEYING THE LEVELS OF THE MATRIX.
The Industry Evolves Within a Political, Social, and Public Policy Context: A Brief Look at Britain, Germany, Japan, and the United States (M. Horstmeyer).
Monetary, Fiscal, and Trade Policies in the Development of the Chemical Industry (B. Eichengreen).
Finance and the Chemical Industry (M. Da Rin).
Structure and Performance of the Chemical Industry under Regulation (K. Esteghamat).
Evolution of Industry Structure in the Chemical Industry (A. Arora & A. Gambardella).
The Evolution of Corporate Capability and Corporate Strategy and Structure Within the World's Largest Chemical Firms: The Twentieth Century in Perspective (A. Chandler, et al.).
THE MODERN CHEMICAL INDUSTRY AND CORPORATE GOVERNANCE.
Connecting Performance and Competitiveness with Finance: A Study of the Chemical Industry (A. Richards).
INSIGHTS FROM THIS STUDY.
Conclusions (A. Arora, et al.).
About the Contributors.
Index.
