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High-Technology Theories and Public Policy

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  • C Thompson

    (Department of Geography, University of Wisconsin, Madison, WI 53706, USA)

Abstract

In this paper, six emerging strands of high-technology theory are reviewed, and are compared with each other for their utility and relevance to public policy. Although each has different particular strengths and weaknesses, their general determinism and reliance on market environments are found to be at odds with a conception of high technology as essentially an uncertain, premarket, or extramarket, phenomenon in which institutions, individuals, and place have key roles. The conclusion is that a more appropriate framework, such as a high-tech version of ‘adjustment theory’, would emphasize instead a central role for state activity in managing uncertainty, the importance of decisions by limited key individuals, and the historicogeographical characteristics of local settings.

Suggested Citation

  • C Thompson, 1989. "High-Technology Theories and Public Policy," Environment and Planning C, , vol. 7(2), pages 121-152, June.
    • Handle: RePEc:sae:envirc:v:7:y:1989:i:2:p:121-152
    DOI: 10.1068/c070121
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    References listed on IDEAS

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    1. Nijkamp, Peter, 1982. "Long waves or catastrophes in regional development," Socio-Economic Planning Sciences, Elsevier, vol. 16(6), pages 261-271.
    2. Giovanni Dosi, 1984. "Technical Change and Industrial Transformation," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-17521-5, December.
    3. Morgan D. Thomas, 1975. "Growth Pole Theory, Technological Change, And Regional Economic Growth," Papers in Regional Science, Wiley Blackwell, vol. 34(1), pages 3-25, January.
    4. Berger,Suzanne & Piore,Michael J., 1980. "Dualism and Discontinuity in Industrial Societies," Cambridge Books, Cambridge University Press, number 9780521231343, October.
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    Cited by:

    1. Igor G. Pospelov & Stanislav A. Radionov, 2015. "Optimal Dividend Policy When Cash Surplus Follows The Telegraph Process," HSE Working papers WP BRP 48/FE/2015, National Research University Higher School of Economics.

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