@article{27086,
      recid = {27086},
      author = {Wong, Joseph., and Wong, Joseph,},
      title = {Betting on biotech : innovation and the limits of Asia's  developmental state /},
      pages = {xiii, 200 pages ;},
      abstract = {After World War II, several late-developing countries  registered astonishingly high growth rates under strong  state direction, making use of smart investment strategies,  turnkey factories, and reverse-engineering, and taking  advantage of the postwar global economic boom. Among these  economic miracles were postwar Japan and, in the 1960s and  1970s, the so-called Asian Tigers--Singapore, South Korea,  and Taiwan--whose experiences epitomized the analytic  category of the "developmental state." In Betting on  Biotech, Joseph Wong examines the emerging biotechnology  sector in each of these three industrial dynamos. They have  invested billions of dollars in biotech industries since  the 1990s, but commercial blockbusters and commensurate  profits have not followed. Industrial upgrading at the  cutting edge of technological innovation is vastly  different from the dynamics of earlier practices in  established industries. The profound uncertainties of  life-science-based industries such as biotech have forced  these nations to confront a new logic of industry  development, one in which past strategies of picking and  making winners have given way to a new strategy of throwing  resources at what remain very long shots. Betting on  Biotech illuminates a new political economy of industrial  technology innovation in places where one would reasonably  expect tremendous potential--yet where billion-dollar bets  in biotech continue to teeter on the brink of spectacular  failure. -- Book jacket.},
      url = {http://tind.wipo.int/record/27086},
}