The politics of technological progress : parties, time horizons and long-term economic development / Joel W. Simmons, University of Maryland, College Park
Published
Cambridge, United Kingdom ; New York : Cambridge University Press, 2016
A theory of political parties and technological progress -- An empirical investigation of political parties and technological progress -- Weak institutionalization and myopic policymaking -- State failures, market failures, and technological progress
Summary
"Why are some countries richer than others and why do some economies grow more rapidly? The Politics of Technological Progress answers these vital questions by highlighting the importance of technological progress for sustained economic development. The author also explains why some countries exhibit faster technological progress than others. Armed with a wealth of cross-national empirical evidence, Professor Simmons stresses the importance of properly constructed political parties for establishing an environment conducive to technological progress. 'Well-institutionalized' ruling parties are essential for technological progress, he argues, because only in such parties are time horizons long enough for governments to accept the deferred returns that are an inherent feature of government efforts to encourage innovation and technology adoption in the economy"-- Provided by publisher
