12,000

We have over 12,000 students, from over 100 countries, within one of the safest campuses in the UK

93%

93% of Lancaster students go into work or further study within six months of graduating

Home > Research > Publications & Outputs > The influence of government science and technol...
View graph of relations

« Back

The influence of government science and technology policies on new product development in the US UK, South Korea and Taiwan.

Research output: Contribution to journalJournal article

Published

Journal publication date1998
JournalInternational Journal of Technology Management
Journal number8
Volume15
Number of pages15
Pages821-835
Original languageEnglish

Abstract

This analysis of the impacts of science and technology (S&T) policies of the US, UK, Taiwanese and South Korean governments on 86 new products developed by firms within these countries helps answer ever-present questions about the effectiveness of such policies. In the USA and UK, little evidence was found of government policies having any direct effects on private sector new product innovation activities. By contrast, evidence was found that the South Korean and Taiwanese governments have played a major role in increasing their countries' new product innovation activities through tax credits, direct and indirect grants, low interest loans, intellectual property regulations and other mechanisms. Consistent with conventional wisdom, these differences appeared to be rooted in dissimilar east-west cultures and related institutionalised expectations about the role of governments. Surprisingly, government agencies were not found to be important sources of either technologies or information useful in developing new products in any of the four countries. Instead, the firm's own networks of colleague firms, suppliers and customers were more important sources. These results suggest that S&T policies in all four countries should be redirected towards encouraging networking, collaborative R&D and information exchange between firms, suppliers and customers.