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Regions and Innovation Policy

image of Regions and Innovation Policy

Regions and Innovation Policy addresses the needs of national and regional governments for greater clarity on how to strengthen the innovation capacity of regions. The first part of the book examines strategies, policies and governance, explaining why regions matter, what makes smart policy mixes, and multilevel governance.  The second part of the book looks at agencies, instruments and country information, showing how agencis can maximize their impact and what policy instruments work. The final chapter provides country-by-country summaries of what countries are doing.

 

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Executive summary

In the wake of the 2008 financial and economic crisis, innovation is viewed as central in boosting job creation and economic growth in the quest to build stronger, cleaner, and fairer economies. This is reflected in major international agendas such as the OECD Innovation Strategy and the EU’s Innovation Union. In the new push for innovation and competitiveness, regions have increasingly become relevant actors. Two policy trends contribute to the rising role of regions. First, the paradigm shift in regional development policies favours strategies based on the mobilisation of regional assets for growth, bringing innovation to the core of regional development agendas. Second, there is a growing recognition of the regional dimension in national innovation strategies in harnessing localised assets and improving policy impacts. The increased relevance of networks and connectivity for innovation also reinforces the importance of regional innovation systems. But regions are not countries and cannot simply replicate national policies at a regional scale.

English

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