Description
Book SynopsisAn engaging, solutions-oriented look at how cities and nations can better foster innovation and equality. From San Francisco to Shanghai, many of the world's most innovative places are highly unequal, with the benefits going to a small few. Rather than simply asking how we can create more high-tech cities and nations, Innovation for the Masses focuses on what we can learn from places that foster innovation while also delivering the benefits more widely and equally. In this book, economist Neil Lee draws on case studies of Taiwan, Sweden, Austria, and Switzerland to set out how innovation can be successfully balanced toward equity. As high-tech economies around the world suffer from polarized labor markets and political realities that lock in these problems, this book looks beyond the United States to other models of distributing a leading-edge economy. Lee emphasizes the active role of the state in creating frameworks to ensure that benefits are broadly shared, revealing that strong policies for innovation and mutual prosperity reinforce each other. Ultimately, Innovation for the Masses provides a vital window into alternative models that prioritize equity, the roadblocks these models present, and what other countries can learn from them going forward.
Trade Review"In a departure from the usual discourse, which is often about creating more high-tech nations, Lee (economic geography, London Sch. of Economics) looks at how to harness innovation, especially in the tech sector, to improve the lives of a broad swath of society . . . Effectively shows the importance of innovation in modern economies while also making clear that innovation alone does not guarantee good outcomes." * Library Journal *
"The book brings much-needed nuance to the debate about how to foster an entrepreneurial culture that lifts broader society as well as industry." * Financial Times *
Table of ContentsContents
Acknowledgments
Preface
Introduction: Why Innovation Matters
1. The Economics of Innovation
2. Innovation and Living Standards
3. Switzerland: The Diffusion of Innovation
4. Austria: Innovating from Irrelevance
5. Taiwan: The Race between Education and Technological Development
6. Sweden: Disruption and the (Welfare) State
Conclusion: Innovation and Shared Prosperity
Notes
References
Index
