The International Knowledge Structure
The Nature and Impact of Technological Innovation
The IPE of technology and intellectual property rights (IPRs)
Three Perspectives on Intellectual Property Rights
Cooperation and Conflict
Throughout History and particularly today, Wealth and Power flow from access to and control of knowledge and technology.
We find ourselves in the midst of an information revolution that will have political, economic and social impacts, some believe more profound than the industrial revolution.
The industrial revolution had enormous impact on the international political economy because it altered global patterns of wealth and patterns. Information revolution important because it affects more aspects of life faster and more globally
“Knowledge is Power” - Individuals, MNCs and Nations that control access to knowledge in the form of scientific understanding and technological innovation can enjoy a clear competitive advantage in the world market allowing them to dominate political and economic processes.
Conversely, Those who cannot control access to information, cannot acquire access advanced technology or innovate at a competitive rate will necessarily fall behind.
Three Trends have become apparent in the last 20 years
Knowledge and technology has increasingly become important as a detriment to wealth and power. Economic success and political power increasingly require technological prowess and not just natural resources.
The pace of technological change has quickened. Computers and machines have short economic lives given the speed in which faster replacements are made. Moore’s “Law” “The processor speed of computers will double every 1-2 years.”
Knowledge and technology are increasingly dispersed. Complex ideas and huge amounts of information can move around the world almost instantaneously.
International Political Economy