An important component of this institutional framework supporting investment in new technologies is venture capital institutions. A group of developing countries, especially from Asia has been rather successful in establishing and nurturing this way of financing new technologies. The present...

1. Innovation policies in a globalised world -- 2. The Japanese model of low government intervention -- 3. The South Korean model of increasing privatisation of industrial R&D -- 4. The Singaporean model of increasing government intervention -- 5. The Malaysian experience -- 6. The South African...