Innovation and Growth

Chasing a Moving Frontier

image of Innovation and Growth

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.

English Spanish


Innovation strategies for growth: insights from OECD countries

Monitoring of broad innovation policy trends and in-depth country-specific reviews reveal how governments from countries at different levels of economic development and with different industrial specialisation seek to strengthen innovation as an engine of growth. This chapter demonstrates that while there is some convergence in terms of broad objectives and policy principles, the government of each country has to customdesign multi-dimensional innovation policies which need to be continually adapted to meet new challenges in the global market. In addition to a synthesis, the chapter presents insights from three country reviews to illustrate common elements and country-specific features of government strategies to promote innovation-fuelled growth.


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