Emerging industries: Interactions between production, technology and markets in a small open economy

Raimo Lovio

Research output: Book/ReportReport


IIASA (International Institute for Applied Systems Analysis) started preparations for a new research programme "Technology-Economy-Society" in the spring of 1985. In Finland there have been plans to start a national research programme associated with IIASA's research programme. One of the goals of the work is to produce approaches and ideas for the preparation of the national project. The aim of the work is to develop an approach that would aid the deeper analysis of the conditions of the emergence of new high technology production, particularly in a small open economy. The central idea is first to examine the chances for new production from the viewpoint of the interaction between "learning by doing", "market demand" and "science and technology push". Secondly, it is stressed that the realization of new opportunities is decisively dependent on the strategic decisions which the firms make, on how the new oppor-tunities fit the development strategies of old firms and on the possibilities of founding new firms in the field. In addition it is also emphasized that successful founding of new production presupposes institutional changes. The approach developed in the first part of the work is illustrated in the second part with material describing the birth and development of the Finnish electronics industry.
Original languageEnglish
Place of PublicationEspoo
PublisherVTT Technical Research Centre of Finland
Number of pages54
ISBN (Print)951-38 -2551-5
Publication statusPublished - 1986
MoE publication typeD4 Published development or research report or study

Publication series

SeriesValtion teknillinen tutkimuskeskus. Tiedotteita


  • innovation
  • technology
  • industry
  • research management
  • production
  • markets


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