Technology Issues in the International Trading System

Author
Sylvia Ostry
Date
1996-02-26
Views
3194
Technology Issues in the International Trading System

 

- Speaker: Sylvia Ostry, Professor, University of Toronto

- Date: February 26, 1996

 

"Markets produce less R&D than is socially desirable because private firms cannot fully capture the benefits flowing from their expenditure. Further, countries cannot fully capture the benefits from government expenditure on R&D because knowledge flows across borders and other countries can, as it were, enjoy a 'free ride'. A no-conflict solution to the 'free rider' problem would be to promote international cooperation in both basic science and pre-competitive generic technology..."
전체 0