Globalization, national innovation systems and response of public policy

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract This paper attempts to set the significance of public innovation policies in contemporary developing countries in the context of the fast pace of globalization. It is fairly well established both in theory and practice that investment expenditure on innovation projects is likely to be low if left in the hands of private economic agents as they have a tendency to under-invest due to the ‘public good’ nature of the outcomes of R&D. However, policy in developing economies seldom takes seriously the importance of investment in innovation projects. This has not been without far-reaching implications for the growth and development performance of developing countries in general. The paper explores the role of international institutions and national governments in the task of strengthening national innovation systems through innovative interventions at national and international levels.

Keywords: globalization; of; technology; role; of; state; knowledge; gaps; global; public; good; innovative; strategy; developing; countries; international; institutions; intellectual; property; rights; innovation; policy (search for similar items in EconPapers)
JEL-codes: O3 O34 O38 (search for similar items in EconPapers)
Date: 2006-11-01
New Economics Papers: this item is included in nep-cse, nep-dev, nep-ino, nep-ipr and nep-pr~
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Published in International Journal of Technology Management and sustainable Development Issue 3.Vol. 3(2004): pp. 215-231

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Related works:
Working Paper: Globalization, National Innovation Systems and Response of Public Policy (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:641

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