Skip to main content Skip to search Skip to search

Political Science Economic Conditions

When Small States Make Big Leaps

Institutional Innovation and High-Tech Competition in Western Europe

by (author) Darius Ornston

Publisher
Cornell University Press
Initial publish date
Aug 2012
Category
Economic Conditions
Recommended Age
18
Recommended Grade
12
  • Hardback

    ISBN
    9780801450921
    Publish Date
    Aug 2012
    List Price
    $63.95

Classroom Resources

Where to buy it

Description

At the close of the twentieth century, Denmark, Finland, and Ireland emerged as unlikely centers for high-tech competition. In When Small States Make Big Leaps, Darius Ornston reveals how these historically low-tech countries managed to assume leading positions in new industries such as biotechnology, software, and telecommunications equipment. In each case, countries used institutions that are commonly perceived to delay restructuring to accelerate the redistribution of resources to emerging enterprises and industries.

Ornston draws on interviews with hundreds of politicians, policymakers, and industry representatives to identify two different patterns of institutional innovation and economic restructuring. Irish policymakers worked with industry and labor representatives to contain costs and expand market competition. Denmark and Finland adopted a different strategy, converting an established tradition of private-public and industry-labor cooperation to invest in high-quality inputs such as human capital and research. Both strategies facilitated movement into new high-tech industries but with distinctive political and economic consequences. In explaining how previously slow-moving states entered dynamic new industries, Ornston identifies a broader range of strategies by which countries can respond to disruptive challenges such as economic internationalization, rapid technological innovation, and the shift to services.

About the author

Darius Ornston is Assistant Professor in the Munk School of Global Affairs at the University of Toronto, where he specializes in comparative political economy and innovation policy. He is the author of When Small States Make Big Leaps, and his work has also been published by Comparative Political Studies, Comparative Politics, Governance, Review of Policy Research, Socio-Economic Review, West European Politics, the European Bank for Reconstruction and Development, the OECD, and the World Bank.

Darius Ornston's profile page