Overview

There is intense public interest in the role of universities as a source of science-based innovations. To increase our undertsanding of this role, this book compares the economic effects of university research in the United States and Japan -countries similar in economic and technological capabilities but different in culture, tradition and institutional structure. Incorporating historical, sociological and industrial perspectives, the book discusses both the mechanics of university-industry interactions and how policies encouraging such interactions can address regional and national needs. Some of the results of the comparative study are surprising. For example, contrary to common assumptions, collaboration between individual faculty members and colleagues in industry appears to be as high in Japan as it is in the United States. It also becomes clear that it is the pace of technological change, more than government incentives, that puts universities in the position of driving the most exciting areas of business growth. Finally, although universities are vital to the networks that lead to innovation-based growth, experience in both Japan and the United States suggests that policies aimed at transforming economically depressed areas through the promotion of university-based ventures are difficult to implement when the environment for economic transformation is weak.

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9780262024655

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Lewis M. Branscomb is Aetna Professor in Public Policy and Corporate Management, Emeritus, at Harvard University.

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