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OECD Science, Technology and Industry Outlook 2012

image of OECD Science, Technology and Industry Outlook 2012

Based on the latest information and indicators in science and innovation, the OECD Science, Technology and Industry Outlook 2012 reviews key trends in STI policies and performance in OECD countries and major emerging economies, and across a number of thematic areas. In this edition, individual policy profiles and country profiles trace the driving role that science, technology and innovation are expected to continue to play towards a sustainable and lasting recovery from the economic crisis.

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Stimulating demand for innovation

In spite of long-standing efforts to boost innovation performance through supply-side policies, such as public support to higher education and research, some OECD countries face a persistent innovation paradox: high or rising research and development (R&D), but low rates of innovation. Today, demand-side innovation policies – from public procurement of innovation, to standards and regulations, to lead markets and user-/consumer-driven innovation initiatives – are gaining ground in OECD countries (see policy profile on innovation policy mix for business R&D and innovation in Chapter 6). This trend reflects the adoption of a broader approach to innovation policy that addresses the full extent of the innovation system and cycle. In a context of fiscal consolidation, there is also interest in using demand-side policies to leverage innovation without creating new programmes. An additional focus is innovation to meet strong societal demand in key sectors (e.g. health, environment, energy).

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