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Innovation for the 21st CenturyHarnessing the Power of Intellectual Property and Antitrust Law$
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Michael A. Carrier

Print publication date: 2009

Print ISBN-13: 9780195342581

Published to Oxford Scholarship Online: May 2009

DOI: 10.1093/acprof:oso/9780195342581.001.0001

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Innovation for the 21st Century

Michael A. Carrier

Oxford University Press

This chapter focuses on innovation. It begins by defining innovation and describing its stages and subjects. It then examines factors that affect innovation such as government funding, education, and tax policy. It offers examples of innovation, reveals different types, and highlights the difficulties of measuring it. The chapter concludes by surveying the literature that explores the link between innovation and economic growth.

Keywords:   20th century innovations, 21st century innovations, disruptive innovation, sustaining innovation, user innovation, manufacture innovation, economic growth, government funding, education, tax policy

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