The paper evaluates and extrapolates the theory of techno-economic pulses to suggest that the world is unlikely to see major technological innovations on a broad front until the end of this century. The technological understanding by managers and the supply of highly qualified scientists and engineers will be critical. Australia is not well positioned to become a high technology manufacturing nation.
S. Kuznetz: Economie Change, W.W. Norton & Co., New York, 1953, p. 109.
G. O. Mensch: Stalemate in Technology, Ballinger Publishing Co., Cambridge, Mass., 1979, p. 73.
Mensch, op. cit., p. 130.
J. Jewkes, D. Sawers and R. Stillerman: The Sources of Invention, Macmillan, London, 1960; Mensch, op. cit., p. 127; and Mensch, “Zur dynamik des technischen fortschritts”, Zeitschrift für Betriebwirtschaft, 41, 1971, pp. 295–314.
Mensch, 1979, op. cit., p. 148.
Mensch, 1979, op. cit., p. 176.
See Chemical & Engineering News, January 2 1984, pp. 8–15, 39. The Pimentel Committee was set up by the National Research Council in the U.S.A. to provide a briefing for the Government on priorities in chemistry.
Personal communication.
See Company Annual Reports. Also Personal Communication.
Hoechst, A.G.: Annual Report 1985, pp. 4–5.
C. H. Waddington: Operational Research in World War 2, Elell, 1973, p. 247.
OECD Report: Reviews of National Science Policies: Australia, OECD, Paris, 1985.