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Crisis and change in the system of innovation: the Japanese pharmaceutical industry during the lost decades, 1990-2010

Umemura, Maki 2013. Crisis and change in the system of innovation: the Japanese pharmaceutical industry during the lost decades, 1990-2010. Business History 10.1080/00076791.2013.847428

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Abstract

This article uses the experience of the Japanese pharmaceutical industry to show how Japan's national system of innovation evolved from a closed, firm-based domestic system toward a more open, networked, global system. This occurred in the face of a crisis of economic and technological dimensions. During the Lost Decades, the nature of innovation in this industry shifted from incremental toward more radical innovation, as the system internationalised and as firms leveraged different environments around the world. This article highlights the varying roles that the components of the system of innovation play in shaping innovative industries. It also shows how institutions can be remarkably malleable in times of crisis.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: D History General and Old World > DS Asia
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
R Medicine > RM Therapeutics. Pharmacology
Uncontrolled Keywords: systems of innovation, pharmaceutical industry, biotechnology, Japan, Lost Decades
Additional Information: Online publication date: 4 December 2013.
Publisher: Taylor and Francis
ISSN: 0007-6791
Last Modified: 04 Jun 2017 05:20
URI: http://orca.cf.ac.uk/id/eprint/50848

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