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The Innovation Imperative

Contributing to Productivity, Growth and Well-Being

image of The Innovation Imperative

Well-timed and targeted innovation boosts productivity, increases economic growth and helps solve societal problems. But how can governments encourage more people to innovate more of the time? And how can government itself be more innovative?

The OECD Innovation Strategy provides a set of principles to spur innovation in people, firms and government. It takes an in-depth look at the scope of innovation and how it is changing, as well as where and how it is occurring, based on updated research and data.

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Innovation today

Innovation is high on the agenda of both policy makers and other actors in the innovation system. But innovation itself is changing rapidly. The growing role of the Internet, investments in knowledge-based capital (KBC) and globalisation are among the major underlying supply-side forces that affect innovation. Demand-side factors, such as challenges related to the environment, to society (ageing, inequalities) and to the slowdown in economic growth are also impacting the dynamics and orientation of innovation. This chapter provides a brief overview of these recent trends and drivers.

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