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OECD Reviews of Innovation Policy: Peru 2011

image of OECD Reviews of Innovation Policy: Peru 2011

This book provides a comprehensive assessment of the innovation system of Peru, focusing on the role of government. It provides concrete recommendations and identifies good practices on how to improve policies that affect innovation performance, including R&D policies.

English

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Economic performance and structural change

Innovation as a key driver of sustainable growth

This chapter first provides a short overview of Peru’s economic performance in the medium-term and discusses emerging issues of the sustainability of a high-growth path, including a weak diversification of exports, the predominance of technologically undeveloped business firms and the productivity challenge faced by Peru. Attention is next drawn to the potential role of innovation as a key driver of sustainable future growth. Subsequently the focus is put on major aspects of the framework conditions – such as macroeconomic stability, international openness, an innovation-friendly regulatory regime, well-functioning financial and other markets, infrastructure and, importantly, qualified people – which are necessary for innovation performance to take off although they need to be complemented by additional measures. Pointing at a currently insufficient information base, the final section benchmarks Peru’s innovation performance which is characterised as being at a low level by international standards overall.

English

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