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There is a rapidly expanding literature on the economics of the so- called 'new technologies' - especially on those using microelectronic systems. Dr. Jacobsson's book deals with microelectronics-based innovation in machine tools: with the production and use of computer numerically controlled machine tools in the world economy and especially in the Third World. Jacobsson is mainly interested in the implications which CNC machine tools may be expected to have for users and producers in the Newly Industrialising Countries. He approaches this as a problem in applied economics and the book will...

This book shows that sustainable development should be analysed and managed as an innovation journey in which social, technological, political and cultural dimensions become aligned. The journey' aspect captures the open and uncertain nature of sustainable developments and highlights the agency dimension, with actors navigating, negotiating, groping and struggling their way forward (and sometimes backward). The book addresses the following research questions: What are the key processes and micro-dynamics of innovation journeys? Which policy lessons can be drawn for managing sustainable...