How can Small Economies Create Globally Competitive Firms in New High-Tech Industries?

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In today's competitive world, governments have to develop better policies to stimulate economic growth. This research will provide Australian policy makers systematic empirical evidence to develop a dedicated policy aimed at stimulating the internationalization of new ventures in biotechnology, which constitutes a frontier high-tech area. Our study and the policy recommendations that will emerge from it can have a big economic impact because the health sector in biotechnology is a growing hi-tech area and has much potential to create value for the society.