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Innovation Policies for Inclusive Growth

image of Innovation Policies for Inclusive Growth

This report looks at a variety of inclusive innovation initiatives and innovative products aimed at improving the welfare of lower-income and excluded groups, notably in terms of essential public services (education, infrastructure and health). It discusses the policy trade-offs between traditional innovation policies and a more inclusive innovation approach, and provides recommendations for aligning current policies. It also deals with the impacts of innovation and innovation policies on industrial and territorial inclusiveness, describing how information and communication technology (ICT) and technology diffusion may influence smaller firms’ chances of succeeding with their innovations.

English

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Executive summary

Policy makers are confronted with the challenge of boosting economic growth while ensuring that gains remain socially inclusive. Innovation is a driver of income growth and can help address poverty and directly improve well-being of different groups in society. Under certain conditions the gains from innovation benefit everybody in society; in other cases on the contrary, they might reinforce social exclusion.

English

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