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The innovation challenge: A blueprint for American competitiveness in the twenty‐first‐century global economy?
Author(s) -
Hemphill Thomas A.
Publication year - 2012
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.21470
Subject(s) - blueprint , associate editor , citation , management , library science , political science , economics , engineering , computer science , mechanical engineering
I n the twenty-first-century global economy, “innovation” has become a powerful, if not defining, term to describe the key to successful firm, industry, and national competitiveness. To further support this statement, the 2010 McKinsey Global Survey found that 84% of those executives surveyed agreed that innovation is “extremely” or “very important” to their respective company’s growth. Adam Segal, the Ira A. Lipman Senior Fellow for Counterterrorism and National Security Studies at the Council on Foreign Relations, in his latest book argues that the 1990s world of the United States as the polar center of military and economic power has evolved to the new twenty-first-century, tripolar, international political economy where the United States, China, and India are vying for global economic leadership. While the previous century saw a conflict-based battle for world hegemony between the United States and the USSR, in Advantage, Segal proposes a different thesis for the twenty-first-century global political economy—one based in a multipolar world of networked innovation. By