{"product_id":"governments-role-in-innovation-von-dennis-patrick-leyden-albert-n-link","title":"Government’s Role in Innovation","description":"Inadequate investment in innovation is particularly costly in  today's globally competitive environment where continued technological  advancements are critical to sustaining economic prosperity. The  government has a critical role in ensuring that society's general  interest in innovation, and the public good associated with  innovation, is represented in private-sector decision making. This can  be accomplished through a variety of programs and initiatives that  reward innovation at all levels. \u003cbr\u003e  The various activities that make this possible fall into two general  categories: (1) the creation and maintenance of a legal environment  that encourages private sector investment in innovation (patents and  the relaxation of antitrust); and (2) the provision of incentives to  overcome the natural inclination of private parties to consider only  their private benefits when choosing the level of innovation in which  to invest (governmental grants and contracts to targeted tax  incentives). \u003cbr\u003e  The role of government, more specifically, can be found in three key  areas: (1) funding of research and development performed in the  private sector; (2) funding of Federal laboratory research activities  and the effective transfer of that knowledge to the private sector;  and (3) encouraging the industry-university collaboration in research  and development. It is these three areas of research that generate  technologies fundamental to increasing the rate of technological  development in the private sector, and it is these areas that are the  focus of this book. \u003cbr\u003e\n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9789401053044\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9789401053044","offer_id":39415341318237,"sku":"9789401053044","price":160.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/826616ae-2168-4ffe-81bd-d23d1ae07660.jpg?v=1761806809","url":"https:\/\/shop.autorenwelt.de\/products\/governments-role-in-innovation-von-dennis-patrick-leyden-albert-n-link","provider":"Autorenwelt Shop","version":"1.0","type":"link"}