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Globalization and its effect on national innovation systems Free Essay, Term Paper and Book Report

As of 2006, there exist 25 member states of the EU. Therefore, twenty five cultures, twenty five innovation systems and twenty five different sets of political and economic strategies exist. A key determinant of a country’s ability to establish a national competitive advantage is its ability to innovate. These innovation systems are largely shaped by a nation’s political and economical policies. It is also found that these changes in economic development will also have a profound effect on the culture of a nation. This paper will seek to discuss and analyze the following statement: Do characteristics of Schmidt’s (2002) three models of Capitalism: Market Capitalism, Managed Capitalism and State Capitalism help to explain the creation and shaping of different national innovation systems, and does this economic development affect a nation’s culture? This paper will begin with a discussion of culture and economic development. I will analyze arguments from both sides of an ongoing debate as to which factor influences which. Does culture affect the way economic development......

Word Count: 3308
Page Count: 13.2  (250 words a page / double spaced)


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