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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.

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The search for excellence and the democratisation of innovation

The chapter focuses on the role of innovation as a driver of growth and its contributions to inclusive growth. It discusses industrial and territorial inclusiveness, i.e. the proximity of innovation capacities across firms, sectors, regions, universities and public research institutes within countries. It goes on to describe how information and communication technology may support another trend – the “democratisation of innovation” – by increasing smaller firms’ chances of succeeding with their innovations. It also discusses how new opportunities for “trickle-down” dynamics can improve industrial and territorial inclusiveness. It shows how policies may inadvertently lead to less industrial inclusiveness. It concludes by raising questions for future research.

English

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