Health Policy and High-Tech Industrial Development

Health Policy and High-Tech Industrial Development

Learning from Innovation in the Health Industry

Edited by Marco R. Di Tommaso and Stuart O. Schweitzer

By weaving together the fields of health economics, industrial organisation and industrial development, this book describes the benefits of promoting a country’s health industry as a way of stimulating its high-technology industrial capacity. The authors illustrate that the development of a country’s health industry not only improves the country’s health status, but also promotes an industry with relatively stable, high-wage employment, creates the potential for exporting goods and services, and produces scientific spillovers that will favourably impact other high-technology industries.

Chapter 5: Recent Developments in Universities Regarding Intellectual Capital and Intellectual Property

Emidia Vagnoni, James Guthrie and Peter Steane

Subjects: economics and finance, health policy and economics, industrial economics, social policy and sociology, health policy and economics


* Emidia Vagnoni, James Guthrie and Peter Steane 1 INTRODUCTION The western world has entered what is commonly referred to as the ‘knowledge age’, where information and ideas have overtaken agricultural produce and manufactured goods as key commodities (Dunford et al., 2001). National wealth and economic strength are now being measured in terms of knowledge, its usefulness and the speed with which it can be applied. Nations are being forced to compete in a global information economy where ideas, information and knowledge have no boundaries, instead multiplying and growing at a hectic pace (Petty and Guthrie, 2000). Intellectual capital (IC) and its legal counterpart, intellectual property (IP) are increasingly being seen to have an influence on the overall economy of nations. Essentially demands of globalization and rapid advances in technology have led to national leaders calling on their nations to become ‘knowledge economies’. The very words ‘knowledge economy’ bring universities, as the producers and transmitters of knowledge, to the forefront of the political and public arena. At the same time universities are experiencing cutbacks in government funding, forcing them to find alternative means to meet demand while maintaining their integrity. Alongside this development, the university sector internationally has also come under pressure to become more ‘relevant’, to establish commercial partnerships and to collaborate in research endeavours (OECD, 1998). These collaborations can be with other universities, third sector non-profit organizations or private sector profit-making organizations. In this knowledge-based world, value and the maintenance of a competitive edge depends more...

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