Dual Hybrid Management of Technology: Co-evolution with Growing Economies

DOI
10.15415/jtmge.2011.21001

AUTHORS

Kayano Fukuda, Weilin Zhao and Chihiro Watanabe

ABSTRACT

Given the increasing significance of the co-evolution between advanced and growing economies for problem-solving innovation that aims at solving global critical issues, this paper attempts an empirical analysis to identify the optimal co-evolutionary trajectory, which could benefit both advanced and growing economies. While Japan has succeeded to develop the hybrid management of technology fusing indigenous strength and learning ability, it has revealed some limitations during the global simultaneous economic stagnation. The analysis suggests that the dual hybrid management of technology coevolving also with growing economies is decisive to the problem-solving innovation of the nation. This benefits nations in growing economies as well. This paper provides new insights into the problem-solving innovation, and also inducing strategy of growing economies for global sustainability.

KEYWORDS

Dual hybrid management; problem-solving innovation; co-evolution; growing economies.

REFERENCES

  • Fukuda, K. and Watanabe, C. (2008) ‘Japanese and US perspectives on the National Innovation Ecosystem’, Technology in Society, 30:1, 49-63.
  • Watanabe, C. (1992) ‘Trends in the Substitution of Production Factors to Technology’, Research Policy, 21:6, 481-505.
  • Watanabe, C. (1995)‘TheFeedback Loop betweenTechnology and Economic Development: An Examination of Japanese Industry’,Technological Forecasting and Social Change, 49:2, 127-145.
  • Watanabe, C.(1999)‘Systems Option for Sustainable Development: Effect and Limit of MITI’s Efforts to Substitute Technology for Energy’,Research Policy, 28:7, 719-749.
  • Watanabe, C. (2009) Managing Innovation in Japan: The Role Institutions Play in Helping and Hindering How Companies Develop Technology, Berlin, Springer.

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