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Innovation Policy and Performance

A Cross-Country Comparison

image of Innovation Policy and Performance

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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Innovation Policy and Performance

Introduction and Synthesis

In advanced industrial countries, innovation and exploitation of scientific discoveries and new technology have been the principle source of long-run economic growth and increasing social well-being. In the future, the innovation performance of a country is likely to be even more crucial to its economic and social progress. Countries whose firms fail to innovate will increasingly find themselves in direct competition with newly industrialising countries with lower labour costs and an increasing mastery of existing technologies and business methods. The development and exploitation of novel products, processes, services and systems, and the constant upgrading of those which a country...

English

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