Innovation in Low-Tech Firms and Industries (Industrial Dynamics, Entrepreneurship and Innovation series) - Hardcover

`This very valuable book collects together excellent empirical essays on what amounts to a silent majority in advanced industrial societies: low and medium tech manufacturing industries. Such industries employ more people and make a larger contribution to aggregate value creation than their more lauded high-tech counterparts - and moreover, they constitute extremely important customer industries for such higher tech producers. They may be neglected, but they are not going away - indeed, this volume shows that they are growing and adapting to the new competitive challenges of globalization. Attending to the dynamics of innovation and change in this large sector is crucial for understanding processes of social and economic restructuring in Europe today. The essays in this volume are the first place to look for insight into this extremely important area of political economic life in Europe.' -- Gary Herrigel, University of Chicago, US `Innovation in Low-Tech Firms and Industries challenges the currently fashionable notion that the advent of a "knowledge-based economy" demands that all social resources should be diverted to "high-technology" industries. Hirsch-Kreinsen and Jacobson point out these constitute a small part of even the most advanced economies. Attention has been diverted from the important innovation processes which occur in low and medium technology (LMT) sectors. This volume calls on us to achieve a much better - and wiser - balance in our industrial policy.' -- Terrence McDonough, National University of Ireland, Galway `The authors of this book make an urgently needed provocative point: ordinary engineering and technology ("low-tech") continue to be of greater importance, in our "knowledge society", than high-tech activities, and they may be similarly demanding by the competence they require and produce. This counteracts the exaggerated hype about high-tech firms or activities. The high-tech classification itself is highly arbitrary and often superficial. The authors show in what way "low-tech" activities and firms are important, and how they can be cultivated to buttress the economic strength of industrial and post-industrial nations. Researchers and policymakers, please take note!' -- Arndt Sorge, Wissenschaftszentrum Berlin, Germany and University of Groningen, The Netherlands

It is a general understanding that the advanced economies are currently undergoing a fundamental transformation into knowledge-based societies. There is a firm belief that this is based on the development of high-tech industries. Correspondingly, in this scenario low-tech sectors appear to be less important. A critique of this widely held belief is the starting point of this book. It is often overlooked that many of the current innovation activities are linked to developments inside the realm of low-tech. Thus the general objective of the book is to contribute to a discussion concerning the relevance of low-tech industries for industrial innovativeness in the emerging knowledge economy. Providing examples of both theoretical and empirical research in this area, Innovation in Low-tech Firms and Industries will be of great interest to postgraduate students and academic researchers in innovation studies. It will also appeal to policy makers in the field of innovation policy as well as industrial economists and sociologists interested in traditional industries in advanced economies.