Many warn that the next stage of globalization--the offshoring of research and development to China and India--threatens the foundations of Western prosperity. But in The Venturesome Economy, acclaimed business and economics scholar Amar Bhidé shows how wrong the doomsayers are. Using extensive...

Introduction -- Technology and the emergence of atraso, 1820-1870 -- Technology and the imperative of progreso, 1870-1910 -- Sewing machines -- Beer and glass bottles -- Cyanide and silver -- Obstacles to adoption -- Constraints to learning -- Conclusions -- Appendix one : patent data --...