Innovation and Growth

Chasing a Moving Frontier

Published on November 20, 2009

Also available in: Spanish

Innovation is crucial to long-term economic growth, even more so in the aftermath of the financial and economic crisis. In this volume, the OECD and the World Bank jointly take stock of how globalisation is posing new challenges for innovation and growth in both developed and developing countries, and how countries are coping with them. The authors discuss options for policy initiatives that can foster technological innovation in the pursuit of faster and sustainable growth. The various chapters highlight how the emergence of an integrated global market affects the impact of national innovation policy. What seemed like effective innovation strategies (e.g. policies designed to strengthen the R&D capacity of domestic firms) are no longer sufficient for effective catch-up. The more open and global nature of innovation makes innovation policies more difficult to design and implement at the national scale alone. These challenges are further complicated by new phenomena, such as global value chains and the fragmentation of production, the growing role of global corporations, and the ICT revolution. Where and why a global corporation chooses to anchor its production affects the playing field for OECD and developing economies alike.Selected as a 2009 Notable Document by the American Library Association Government Documents Round Table.


Competition, innovation and growth
Korea and the BICs (Brazil, India and China): catching-up experiences
Priorities for growth in OECD economies
The development of global innovation networks and the transfer of knowledge
Innovation strategies for growth: insights from OECD countries
Different innovation strategies, different results
Technology diffusion in the developing world
Foreign investment and the development of telecommunications in Latin America
Broadband as a platform for economic, social and cultural development
User-driven innovation and communications development
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