Innovation and the Internationalisation of Local Economies

The OECD LEED Programme has designed this review series to assist policy makers to develop local strategies and programmes to promote competitiveness in the globalising knowledge economy through strengthening innovation and internationalisation.

There is a strong focus not just on how local economies can support knowledge generation, but also on how they can access valuable international knowledge flows and use them to stimulate innovation. These reviews examine four key internationalisation processes:

1. internationalising knowledge-intensive indigenous firms
2. attracting and embedding knowledge-intensive foreign direct investment
3. attracting highly-skilled labour from overseas
4. building the international innovation connections of research organisations  

Particular attention will be paid to identifying and addressing local market failures inhibiting innovation and internationalisation, creating or retaining the adaptive capacity of the local economy, and understanding where institutional changes may be required to complement policy initiatives for innovation and internationalisation.  Attention will also be placed on achieving the above goals by developing well-functioning local innovation systems, although this review series goes beyond the traditional inward-looking focus of many local innovation systems approaches to stress how local linkages can be complemented by greater global connections.

The reviews will lead to a report for each case study city or region assessing local challenges and opportunities, developing tailored recommendations and providing appropriate international learning model examples.  The reviews also provide an opportunity to take part in a guided policy learning process facilitated by the OECD including local round table meetings and seminars to explain and discuss options, recommendations and learning models and to support development of a locally-generated policy action plan.

For more information on these reviews and on how to participate, please contact Mr Jon Potter from the OECD Secretariat.

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