This informative
Companion explores the unique attributes and applications of technological innovation, emphasizing its crucial role in social and economic development. Leading experts in the field examine managerial and economic understanding of technology life cycles, showcasing the myriad ways technology improves quality of life across the globe.
Drawing on empirical and theoretical methodologies, the Companion outlines the impact of technological innovation and its life cycles on education, the environment, governance, and supply chain management. Chapters evaluate real-world cases from countries such as China, Japan, and South Korea, analyzing the role and evolution of key technological industries, including semiconductors and electric cars. International contributors examine both micro and macro-level developments across multiple generations of innovation, culminating in insights on how artificial intelligence might shape the future of humanity.
Adopting a multidisciplinary and humanity-centered perspective, the Elgar Companion to Technology Life Cycles is an essential resource for scholars and students of development economics, economics of innovation, science and technology studies, and sustainable development. It is also highly relevant to policymakers and stakeholders across both private and public sectors seeking to understand, manage, and advance technological innovation.
Contents
PART I FOUNDATIONS OF TECHNOLOGICAL INNOVATION AND LIFE
CYCLE THEORY
1 Fundamentals of technological innovation and technology life cycles 2
Bowon Kim
2 Modeling the technological landscape: directed search and the technology
life cycle 28
Steven Callander
3 The business evolutionary cycle theory: a framework for understanding
technological composition 50
Haruo H. Horaguchi
PART II TECHNOLOGICAL INNOVATION AND GLOBAL TRANSFORMATION
4 Transforming Korean STEM education through the IoT and AI 72
Mihyun Son
5 Technological innovation for ESG and sustainability 98
Jae-Yong Yang and Kwangtae Park
6 Dynamics of technological innovation and geopolitics to shape the
competitive positioning in the global semiconductor industry 117
Andrew Inkpen and Bowon Kim
7 Developing economies and technology life cycles 140
John Serbe Marfo and Thomas Y. Choi
8 Dynamic technological innovation in Japanese industries: through the lens
of smart agriculture 177
Azusa Ebisuya and Gayan Prasad Hettiarachchi
9 Beyond the keiretsu? The persistence of large firms in Japans
startupfueled technological innovation 193
Robyn Klingler-Vidra and Ramon Pacheco Pardo
10 Technological innovation, industrial agglomeration and high-quality
economic development 213
Jin Chen and Shuo Yang
11 Economic transformation of China: four decades reform 226
Fung Kwan
PART III TECHNOLOGY, INNOVATION, AND INSTITUTIONAL FORCES:
SHAPING THE FUTURE
12 AI and technology life cycles 243
Jingxian Gan and Yutao Sun
13 How to navigate throughout and across lifecycles: from supply chain
management to ecosystem governance 268
Yining Luo, Chundi Luo and Yongjiang Shi
14 AI and humanity anew: can we flourish in harmony? 302
Norlia Ahmad
15 Technology life cycles and concerted institutional forces: driving
sustainable economic and social progress 323
Bowon Kim
Edited by Bowon Kim, Professor of Operations Strategy, Korea Advanced Institute of Science and Technology (KAIST) College of Business, Korea
