Innovation Policy and Performance
A Cross-Country Comparison
This publication examines the relationship between innovation policy and economic performance in six OECD countries – Austria, Finland, Japan, the Netherlands, Sweden and the United Kingdom. In-depth analyses highlight countries’ strengths and weaknesses in innovation, as well as the effectiveness of their innovation policies in driving economic performance. Taken together, the country studies constitute a rich evidence base which will be of considerable interest to innovation policy makers in all OECD countries. They indicate that countries share a need to adapt – or even profoundly change – their innovation policies in order to deal with opportunities and threats posed by new technological and economic developments.
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Netherlands
The Netherlands is one of the most affluent countries within the OECD. Its high level of income and wealth is based on a highly open economy. Openness has been highly beneficial for the country’s long-term development. It also requires rapid and thorough adaptations and policy responses to shifts in the international environment. As a matter of fact, the Netherlands has entered a challenging phase. After more than a decade of high growth it has seen a sharp decline in its macro-economic performance in the course of the most recent downturn of the business cycle. These developments have exposed some weaknesses in Dutch economic performance, in particular a weak productivity growth. For high economic growth to be sustainable in the longer term, a new growth paradigm,...
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