Chemicals and Long-Term Economic Growth Insights from the Chemical Industry

by Arora, Ashish; Landau, Ralph; Rosenberg, Nathan

• ISBN13: 9780471399629
• ISBN10: 0471399620
• Edition: 1st
• Format: Paperback
• Copyright: 2000-09-04
• Publisher: Wiley-Interscience

Summary

A paperback edition of a highly successful hardcover edition, "Chemicals and Long-Term Economic Growth" examines how commercial and technological leadership in the chemical industry has developed over the last century and a half, the forces that powered this shifting leadership, and how economic and management lessons learned can help in creating policies to promote long-term economic health in the industry. ? Addresses the sources of comparative advantage and growth in the chemical industry, focusing on how these sources have varied over time, across countries, and in different industries. ? Discusses the development of new technologies and overall organization of the industry and what we can learn from them.

Author Biography

ASHISH ARORA, PhD, received his PhD in economics from Stanford University in 1992 and is currently Assistant Professor of Economics and Public Policy at the Heinz School, Carnegie Mellon University, Pittsburgh. His research focuses on the economics of technological change, management of technology, and technology policy.

RALPH LANDAU, ScD, was the cofounder, in 1946, and CEO of Halcon-Scientific Design Group, a prominent innovator in the chemical industry. He is a consulting professor of economics at Stanford University and a Research Fellow at Harvard's Kennedy School. In 1985, he received the National Medal of Technology. He has also received the Perkin Medal (1981) and the Othmer Medal (1997). He was recently named one of Chemical & Engineering News' Top 75 Contributors to the Chemical Enterprise. He has published numerous works dealing with technology, economic growth, and innovation.

NATHAN ROSENBERG, PhD, Fairleigh S. Dickinson, Jr. Professor, has been Professor of Economics at Stanford University since 1974. His research has dealt primarily with the economics of technological change and the relationships between scientific research and changes in technology. His books include Perspective on Technology, Inside the Black Box, Technology and the Pursuit of Economic Growth (with David Mower), Exploring the Black Box, and How the West Grew Rich (with L. E. Birdzell). In 1996, he was awarded the Leonardo da Vinci Prize by the Society for the History of Technology.

Table of Contents

Preface	vii
I ORGANIZATION AND PURPOSE	1	(24)
Introduction	3	(22)
Ashish Arora
Ralph Landau
Nathan Rosenberg
II COUNTRY OVERVIEWS	25	(112)
On the Making of Competitive Advantage: The Development of the Chemical Industries of Britain and Germany Since 1850	27	(44)
Johann Peter Murmann
Ralph Landau
Chemicals: A U.S. Success Story	71	(32)
Ashish Arora
Nathan Rosenberg
The Japanese Puzzle	103	(34)
Takashi Hikino
Tsutomo Harada
Yoshio Tokuhisa
James Yoshida
III INNOVATION AT THE HEART OF THE INDUSTRY	137	(94)
The Process of Innovation in the Chemical Industry	139	(42)
Ralph Landau
The Impact of the Legal System on Innovation	181	(12)
Tom Campbell
Ralph Landau
Technological Change in Chemicals: The Role of University-Industry Relations	193	(38)
Nathan Rosenberg
IV SURVEYING THE LEVELS OF THE MATRIX	231	(228)
The Industry Evolves Within a Political, Social, and Public Policy Context: A Brief Look at Britain, Germany, Japan, and the United States	233	(32)
Micheline Horstmeyer
Monetary, Fiscal, and Trade Policies in the Development of the Chemical Industry	265	(42)
Barry Eichengreen
Finance and the Chemical Industry	307	(34)
Marco Da Rin
Structure and Performance of the Chemical Industry under Regulation	341	(38)
Kian Esteghamat
Evolution of Industry Structure in the Chemical Industry	379	(36)
Ashish Arora
Alfonso Gambardella
The Evolution of Corporate Capability and Corporate Strategy and Structure Within the World's Largest Chemical Firms: The Twentieth Century in Perspective	415	(44)
Alfred D. Chandler, Jr.
Takashi Hikino
David Mowery
V THE MODERN CHEMICAL INDUSTRY AND CORPORATE GOVERNANCE	459	(54)
Connecting Performance and Competitiveness with Finance: A Study of the Chemical Industry	461	(52)
Albert Richards
VI INSIGHTS FROM THIS STUDY	513	(10)
Conclusions	515	(8)
Ashish Arora
Ralph Landau
Nathan Rosenberg
About the Contributors	523	(4)
Index	527