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The OECD Innovation Strategy

Getting a Head Start on Tomorrow

image of The OECD Innovation Strategy

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 for fostering innovation in people (workers and consumers), in firms and in 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. The result is the formulation of far-reaching policies for innovation using recent research and data.

"a thoughtful new report on how governments can do better at spurring and measuring innovation." The Economist

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Unleashing Innovations

This chapter discusses innovation in the business sector and policies for strengthening innovation in firms. It draws attention to the importance of good framework conditions and regulations that do not impede innovation and create a sound business environment. This includes well-functioning product, labour and financial markets and openness to domestic and international competition. Specific policy areas for particular attention are the public and private financing of innovative efforts and the fostering of the start-up and growth of new firms.

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