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This book argues convincingly that the history of technologies play a major part in current economic evolution. It provides data, figures and explanations related to public policies but does not take into account domestic industrial dynamics and does not explain how national leaders have emerged in high tech industries. Intuitively, one can imagine that the history of firms and industries play a part as well as the history of public policies.
European data relate at the best up to 1988 and are scarce relative to the detailed presentation of American public policies (see for examples the data related to basic research between 1975 and 1988 (p. 131).
The book aims very clearly to suggest guidelines to the American administration public policies devoted to technologies in order to maintain the leadership of US firms in high tech industries. Unfortunately, the conclusions are not very clear-cut and it is difficult to draw lesson for European countries or for the NICs as the authors themselves think these conclusions are hazardous even in the US case.
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