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Conventional wisdom says innovation is best left to entrepreneurs. The author demolishes this myth, revealing how, from tech to medicine, government investment has powered wealth creation. Ignoring this history, business has shared the risks, while privatizing the rewards - increasing inequality and jeopardizing future innovation.

Industrial promotion --- Industrial policy --- Technological innovations --- Entrepreneurship --- #SBIB:33H041 --- #SBIB:33H13 --- #SBIB:35H201 --- Business --- Industries --- Industry and state --- Economic policy --- Commerce --- Industrial development projects --- Entrepreneur --- Intrapreneur --- Capitalism --- Business incubators --- Breakthroughs, Technological --- Innovations, Industrial --- Innovations, Technological --- Technical innovations --- Technological breakthroughs --- Technological change --- Creative ability in technology --- Inventions --- Domestication of technology --- Innovation relay centers --- Research, Industrial --- Technology transfer --- Government policy --- Economische ontwikkelingen en bewegingen --- Economische politiek --- Overheidsmanagement: technieken --- ENTREPRENEURSHIP--GOVERNMENT POLICY --- Economic production --- Public economics --- Firms and enterprises --- publieke opinie --- productiviteit

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This book analyses the structure and motive forces that shape the global arms transfer and production system. The author distinguishes three tiers of arms producers, defined by such factors as defence production base, military research and development capabilities, and dependence upon arms exports. These factors interact with underlying political, economic, and military motivations to drive states to produce and export arms, and provide the force which directs the international trade in arms. The author discusses the United States and the Soviet Union, the European arms suppliers, and the emerging arms producers of the developing world. Although it concentrates on the contemporary period, the book covers a wide historical span, from the development of military technologies in the fifteenth and sixteenth centuries to twentieth-century revolutions in weaponry. By focusing on the processes of technological innovation and diffusion, the author shows the evolutionary nature of the spread of military technologies, and situates the current arms transfer system in a broad historical context.

Arms transfers --- Defense industries --- Military assistance --- 339.54 --- 623 --- 669:355 --- Arms aid --- Foreign aid program --- Foreign assistance --- Military aid --- Mutual defense assistance program --- Military policy --- Armaments industries --- Arms sales --- Military sales --- Military supplies industry --- Munitions --- Sale of military equipment --- Industries --- Arms traffic --- Foreign military sales --- International trade --- Arms race --- 339.54 Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel --- Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel --- 669:355 Metallurgy-:-Defensie. Krijgskunst. Landsverdediging. Strijdkrachten. Krijgskunde --- Metallurgy-:-Defensie. Krijgskunst. Landsverdediging. Strijdkrachten. Krijgskunde --- Militaire technieken --- 874 Wapenhandel --- Economic production --- wapenhandel --- Economic relations. Trade --- Social Sciences --- Political Science --- Defense industries. --- Arms transfers. --- Military assistance.