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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The role of innovation and the rationale for public policy

This chapter builds on the OECD’s 2010 Innovation Strategy in exploring the contribution of innovation to economic growth. It extends that study by incorporating considerations about green and inclusive growth into the conceptual framework for innovation policy. This recognises the growing role that these objectives play in the overall policy agenda, but also in the context of innovation. The chapter also devotes attention to the various policy rationales for innovation and the overall framework for policies in this area.

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