Literature Review

  • John J. Wetter
Part of the Innovation, Technology, and Knowledge Management book series (ITKM, volume 8)


Over the last half-century, the technology revolution has replaced the industrial revolution as the source of comparative and competitive strength for the US economy. This is a paradigm shift of immense proportion. Product manufacturing know-how, once the premier domain of US firms, now competes globally with strong international rivals. Knowledge, in the form of science and technology, is viewed as the key driver of future economic power. Firms that understand these concepts will grow and succeed. Nations that support these concepts through effective policy will enable their economies to prosper.


Foreign Direct Investment Gross Domestic Product Total Factor Productivity Technical Change Tacit Knowledge 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer New York 2011

Authors and Affiliations

  1. 1.University of MarylandFairfaxUSA
  2. 2.AdelphiUSA

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