The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World

Many warn that the next stage of globalization-the offshoring of research and development to China and India-threatens the foundations of Western prosperity. But in The Venturesome Economy, acclaimed business and economics scholar Amar Bhid? shows how wrong the doomsayers are.

Using extensive field studies on venture-capital-backed businesses to examine how technology really advances in modern economies, Bhid? explains why know-how developed abroad enhances-not diminishes-prosperity at home,...