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The Digital Innovation Race

Conceptualizing the Emerging New World Order

Palgrave Macmillan

Authors:

(view affiliations)
  • Introduces new theoretical concepts such as the Global Corporate Innovation and Production Systems

  • Combines insights from business economics with politics, and shows how monopolies challenge the sovereignty of nations

  • Presents the global innovation race as the main factor behind the current conflict between the US and China

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  • ISBN: 978-3-030-89443-6
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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xvii
  2. A Global Race Between Giant Corporations and Nation States

    • Cecilia Rikap, Bengt-Åke Lundvall
    Pages 1-21
  3. Tech Giants as Intellectual Monopolies

    • Cecilia Rikap, Bengt-Åke Lundvall
    Pages 23-42
  4. Tech Giants’ Corporate Innovation Systems

    • Cecilia Rikap, Bengt-Åke Lundvall
    Pages 43-63
  5. Amazon and Microsoft: Convergence and the Emerging AI Technology Trajectory

    • Cecilia Rikap, Bengt-Åke Lundvall
    Pages 91-119
  6. Alternative Futures and What is to Be Done

    • Cecilia Rikap, Bengt-Åke Lundvall
    Pages 165-187
  7. Back Matter

    Pages 189-197

About this book

This book develops new theoretical perspectives on the economics and politics of innovation and knowledge in order to capture new trends in modern capitalism. It shows how giant corporations establish themselves as intellectual monopolies and how each of them builds and controls its own corporate innovation system. It presents an analysis of a new form of production where Google, Amazon, Facebook, Apple and Microsoft, and their counterparts in China, extract value and appropriate intellectual rents through privileged access to AI algorithms trained by data from organizations and individuals all around the world.

These companies’ specific form of production and rent-seeking takes place at the global level and challenges national governments trying to regulate intellectual monopolies and attempting to build stronger national innovation systems. It is within this context that the authors provide new insights on the complex interplay between corporate and national innovation systems by looking at the US-China conflict, understood as a struggle for global technological supremacy. The book ends with alternative scenarios of global governance and advances policy recommendations as well as calls for social activism. 

This book will be of interest to students, academics and practitioners (both from national states and international organizations) and professionals working on innovation, digital capitalism and related topics. 

Bengt-Åke Lundvall is Professor emeritus in economics at Department of Business Studies at Aalborg University and Professor emeritus at Department of Economic History at Lund University. His research is organized around a broad set of issues related to innovation systems and learning economies.  

Cecilia Rikap is Lecturer in International Political Economy at City, University of London, CONICET researcher and associate researcher at COSTECH, Université de Technologie de Compiègne. She has a PhD in Economics from the University of Buenos Aires, Argentina. Her research deals with the global political economy of science, technology and innovation. 

Keywords

  • Innovation systems
  • global value chains
  • intellectual monopolies
  • corporate innovation systems
  • GAFAM
  • US-China conflict
  • economics and politics of innovation
  • modern capitalism
  • corporate innovation system
  • regulation of intellectual monopolies
  • technological war

Authors and Affiliations

  • City, University of London, London, UK

    Cecilia Rikap

  • Aalborg University, Copenhagen, Denmark

    Bengt-Åke Lundvall

About the authors

Bengt-Åke Lundvall is Professor emeritus in economics at Department of Business Studies at Aalborg University and Professor emeritus at Department of Economic History at Lund University. His research is organized around a broad set of issues related to innovation systems and learning economies.  

Cecilia Rikap is Lecturer in International Political Economy at City, University of London, CONICET researcher and associate researcher at COSTECH, Université de Technologie de Compiègne. She has a PhD in Economics from the University of Buenos Aires, Argentina. Her research deals with the global political economy of science, technology and innovation. 

Bibliographic Information

  • Book Title: The Digital Innovation Race

  • Book Subtitle: Conceptualizing the Emerging New World Order

  • Authors: Cecilia Rikap, Bengt-Åke Lundvall

  • DOI: https://doi.org/10.1007/978-3-030-89443-6

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Author(s), under exclusive license to Springer Nature Switzerland AG 2021

  • Hardcover ISBN: 978-3-030-89442-9

  • eBook ISBN: 978-3-030-89443-6

  • Edition Number: 1

  • Number of Pages: XVII, 197

  • Number of Illustrations: 2 b/w illustrations

  • Topics: Industrial Organization, Economics, Business and Management

Buying options

eBook
USD 54.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-89443-6
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book
USD 69.99
Price excludes VAT (USA)