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Many warn that the next stage of globalization--the offshoring of research and development to China and India …--prosperity at home, and why trying to maintain the U.S. lead by subsidizing more research or training more scientists will do more … harm than good. When breakthrough ideas have no borders, a nation's capacity to exploit cutting-edge research regardless of …
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The importance of innovation for the economic performance of industrialized countries has been largely stressed recently by the theoretical and empirical literature. Moreover the intensity of knowledge externalities in generating innovation, is the key parameter in determining sustained growth...
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