Innovation Policy for Development: An Overview

Nov 2005
This presentation on innovation policy development broadens the notion of innovation to include all sorts of "process innovations" and organizational changes. Then it describes innovation and growth in a historical perspective to conclude that innovation policies for development should include much more than just supporting formal R&D projects, more than just in "high tech" sectors. Other topics covered in the presentations include: the economic rationale for government support of innovation and R&D, how to expand spillovers in development economies, key issues in outward vs. locally oriented innovations, general purpose technologies (GPTs), promises and limitations of innovation policies: the case of Israel, how to draw guiding principles for innovation policies, and main levers: skills, incentives, information, finance. This document was presented at the 2005 LAEBA Annual Conference, in Buenos Aires, Argentina