Promoting Inclusive Growth

Challenges and Policies

image of Promoting Inclusive Growth

This volume discusses several policy challenges facing countries to achieve and sustain inclusive growth. The volume is based on the proceedings of a conference co-organised by the OECD Economics Department and the World Bank on 24-25 March 2011, which brought together academics and practitioners from advanced, emerging-market and developing economies. While discussions on strong growth typically focus on the pace of economic expansion, those on inclusiveness also delve into the patterns of growth and on how its benefits are shared among the various social groups. An important message that came out of the conference is that strong growth is not necessarily inclusive and that policy action is needed to make sure that pro-growth initiatives also foster inclusiveness.


Sequencing public interventions to support techno-entrepreneurship

While the area of innovation studies is extensive and rapidly expanding, analysis of innovation policy is much less developed. A view that policy applications can be inferred linearly as an afterthought of positive analysis parallels the logic of a linear innovation model, whereby innovation is almost a straightforward outcome of either university research or company R&D. Taking as an example Israel’s cluster of technology start-ups and venture capital industry, the paper develops a theory of innovation policy as an endogenous variable. A three-phase model of innovation policy evolution is introduced, as well as directions for the adaptation of the model for middle-income economies.


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