First published in 1997. Massive technological development has changed the face of industry drammatically. This text provides an analysis of the trends and dynamics of innovation in industry. It has been updated with recent statistical information and examples. A new section explores the debate surrounding macroeconomics in an analysis of the impact of globalization on industrial change. This book covers such topics as: the rise of science-related technology; innovations and the firms; macroeconomics of innovation; and innovation and public policies.