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While Japanese firms led the way in terms of both technology and market share during the 1990s, they then evolved to become merely technological leaders from 2000 onwards.
Though from the start freedom was central to the country's political culture, Americans have not always ranked as technological leaders.
From Boeing to Airbus to Google, Western governments have played a key role in subsidizing the development of new industries and technological leaders.
The best approach would be to borrow from Japan, whose Top Runner program sets energy-efficiency standards by identifying technological leaders in a particular industry — say, washing machines — and mandating that the rest of the industry keep up.
Existing literature argues that technological leaders experience net knowledge outflows and are therefore losers in agglomerations.
Finally, we find evidence of foreign firms crowding out domestic technological leaders but not laggards in the competition for talent.
Similar(41)
But America is, by far, the world's technological leader.
It had become the technological leader among oil giants at finding new reserves.
By the 1990s western Washington had emerged as a technological leader at the forefront of a rapidly changing global economy.
Technological leader and beacon of hope for much of the world, the United States has been the meanest donor of all.
The technological leader, it had the bestselling engine for single-aisle planes and saw no need to collaborate with anyone.
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