Innovation and Growth
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Innovation and Growth

Chasing a Moving Frontier

Innovation is crucial to long-term economic growth, even more so in the aftermath of the financial and economic crisis. In this volume, the OECD and the World Bank jointly take stock of how globalisation is posing new challenges for innovation and growth in both developed and developing countries, and how countries are coping with them. The authors discuss options for policy initiatives that can foster technological innovation in the pursuit of faster and sustainable growth.

The various chapters highlight how the emergence of an integrated global market affects the impact of national innovation policy. What seemed like effective innovation strategies (e.g. policies designed to strengthen the R&D capacity of domestic firms) are no longer sufficient for effective catch-up. The more open and global nature of innovation makes innovation policies more difficult to design and implement at the national scale alone. These challenges are further complicated by new phenomena, such as global value chains and the fragmentation of production, the growing role of global corporations, and the ICT revolution. Where and why a global corporation chooses to anchor its production affects the playing field for OECD and developing economies alike.

Selected as a 2009 Notable Document by the American Library Association Government Documents Round Table.

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Publication Date :
20 Nov 2009
DOI :
10.1787/9789264073975-en
 
Chapter
 

Different innovation strategies, different results

Brazil, Russia, India, China and Korea (the BRICKs) You do not have access to this content

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Author(s):
Carl Dahlman
Pages :
131–168
DOI :
10.1787/9789264073975-9-en

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A key aspect of the emergence of the BRICKs has to do with the use of smart innovation policies to tap existing global knowledge and adapt it to local conditions through investments in R&D and education, reliance on reverse engineering and the diaspora as well as ICT technologies. In each country, the broader economic and institutional regime has played an important role. This chapter discusses country-specific experiences to highlight that a "one-size-fits-all" technology policy cannot facilitate innovation in developing countries.