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Innovation

Forum Newsletter 2015 Forum poster image

Investing in the Future - 2015 OECD Forum

OECD Week, 2-4 June 2015, was organised around the theme of Investing in the Future. At the OECD Ministerial Council Meeting, French President François Hollande and Dutch Prime Minister Mark Rutte, together with Ministers from OECD and partner economies, explored the role of innovation in fostering productivity growth. They noted that new technologies and innovations are critical to boosting global growth and creating new jobs.

At the OECD Forum, STI Director Andrew Wyckoff and Deputy Director Dirk Pilat participated in a number of events that explored how to best prepare economies for the next production revolution, how investing in knowledge-based capital can help reduce unemployment and inequality, the policy challenges inherent in the sharing economy, and why data-driven innovation matters. They were also involved in various G20 and B20 events, including the OECD-G20 Stocktaking Seminar on SMEs and Low-income Countries (LICs) in the International Marketplace, where they highlighted a forward-looking policy agenda that involves framework polices, the digital economy, and innovation as levers for SMEs and LICs to better integrate in global value chains.


innovation strategy 2015

OECD Innovation Strategy 2015: An Agenda for Policy Action

New sources of growth are urgently needed to help the world move to a stronger, more inclusive and sustainable growth path following the financial crisis. Innovation – which involves the creation and diffusion of new products, processes and methods – can be a critical part of the solution. While not a goal in itself, innovation provides the foundation for new businesses, new jobs and productivity growth and is thus an important driver of economic growth and development. Innovation can help address pressing social and global challenges, including demographic shifts, resource scarcity and the changing climate. Moreover, innovation can help address these challenges at the lowest cost. Innovative economies are more productive, more resilient, more adaptable to change and better able to support higher living standards. STI released an Innovation Strategy Synthesis at OECD week, the full release of the 2015 Innovation Strategy will occur later his year.


mexico may news

Overcoming Mexico’s low-growth trap requires upgrading the skill level of Mexicans

Mexico can significantly boost economic growth and improve the wellbeing of its citizens by enhancing the education system, retrenching the informal economy and improving the general framework conditions for innovation.
The Better Policies Series brochure presented in Mexico City on 19 May 2015 highlights the importance of upgrading the skills and knowledge of Mexicans to break the vicious cycle between low productivity and low skills and to allow the country to move up the value chain and transform itself into a knowledge economy.
The report underscores the need to improve other framework conditions for growth and innovation. The OECD recommends strengthening innovation ecosystems by improving the linkages between existing clusters and universities, strengthening the start-up environment by enhancing and expanding seed capital financing programmes and systematic reviewing the stock of regulation to ensure that it does not unduly restrict competition.

Science and technology

science mobility

What factors influence scientist mobility?

Scientist mobility is directly related to bilateral and unilateral travel visa restrictions and to changing economic and research conditions.

The findings from this report support a knowledge perspective of scientist flows rather than a more traditional view of brain gain/brain drain in which some countries win at the expense of others’ loss of high potential individuals. 

The implications of this work can be far reaching but need to be considered in the context of broader evidence on mobility and highly skilled migration. Policy makers need to evaluate which policies make most effective use of complex international networks and mobility opportunities that individuals appear to be increasingly willing to use. They should also be aware of the potential reversibility of some of the observed flows if conditions change.

Digital Economy

japan

Internet Literacy in Japan

The rise in Internet usage among young people has seen a corresponding increase in international concern regarding their online safety. The OECD Recommendation on the Protection of Children Online called for governments to support evidence-based policies for the protection of children.

The Japanese government has initiated efforts to develop improved indicators to measure Internet literacy among youth. This report describes the results of the Internet literacy indicator development project and constitutes a feasibility study for the development of Internet literacy among youth in different countries.

Industry

steel

New era of low steel demand growth necessitates structural adjustment

With global steel demand growth nearly coming to a halt, ensuring that new investments in steelmaking capacity will be sustainable in the long term is a key priority. At a recent OECD Steel Committee meeting, government officials issued a statement calling on the global steel community to urgently address excess capacity. The effects of excess capacity are being felt in terms of over-supply, low prices, weak profitability, bankruptcies and localised job losses, and growing trade friction. Governments must limit measures that artificially support further expansion of steelmaking capacity or maintain inefficient capacity. Of further importance is to incrementally adopt best-available practices and technologies as well as pursuing innovation to help mitigate climate change and improve energy and environmental performance.

Topics

Digital economy
Broadband and telecom
Innovation in science, technology and industry
Industry, entrepreneurship and productivity
Science and technology policy
Biotechnology policies
Consumer policy

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