New Trade theory, New Growth theory, and the developing literature on National Systems of Innovation have combined to produce an explosion of interest over the past two decades around issues of trade, growth and technical change. A similar focus has dominated public policy debates. This book examines the interconnections among technology, economic growth and international trade. Market forces alone are seen to be far from adequate for the efficient generation, transfer, and diffusion of innovation, while public policy is identified as playing a key role for a truly innovative economy.