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dc.titleThe New Imperative of Innovation: Policy Perspectives for Latin America and the Caribbean
dc.contributor.authorNavarro, Juan Carlos
dc.contributor.authorBenavente, José Miguel
dc.contributor.authorCrespi, Gustavo
dc.contributor.orgunitEnvironmental and Social Safeguards Unit
dc.coverageThe Caribbean
dc.coverageLatin America
dc.coverageCentral America
dc.coverageSouth America
dc.date.available2016-02-08T00:00:00
dc.date.issue2016-02-05T00:00:00
dc.description.abstractThe main purpose of this study is to present the conceptual basis that supports science, technology, and innovation (STI) policy in Latin America and the Caribbean (LAC). It starts by clarifying STI relationship, both conceptual and empirical, to economic growth and it explains how market and coordination failures hinder innovation. Then, it discusses a variety of demand- and supply-side policies aimed at addressing these private sector and institutional insufficiencies. In the specific case of LAC, it examines the region's underperformance in innovation relative to both emerging and advanced economies, and analyses the degree to which scientific productivity and knowledge inputs have led to accelerated economic development. Finally, the publication presents five dimensions of success for STI policies based on international best practices that should stimulate innovation and economic growth and guide the IDB's work in STI in the region.
dc.format.extent108
dc.identifier.doihttp://dx.doi.org/10.18235/0012638
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-New-Imperative-of-Innovation-Policy-Perspectives-for-Latin-America-and-the-Caribbean.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInnovation Policy
dc.subjectProductivity Growth
dc.subjectTechnology-Based Entrepreneurship
dc.subjectTechnology Diffusion
dc.subjectKnowledge Dissemination
dc.subjectInvestment in Knowledge
dc.subjectKnowledge Economy
dc.subjectKnowledge-Intensive Business Service
dc.subjectKnowledge Creation
dc.subjectKnowledge-Based Development
dc.subjectHuman Capital
dc.subjectPublic Investment
dc.subjectPrivate Investment
dc.subjectPublic Policy
dc.subject.jelcodeO19 - International Linkages to Development • Role of International Organizations
dc.subject.jelcodeO31 - Innovation and Invention: Processes and Incentives
dc.subject.jelcodeO32 - Management of Technological Innovation and R&D
dc.subject.jelcodeO34 - Intellectual Property and Intellectual Capital
dc.subject.jelcodeO38 - Government Policy
dc.subject.jelcodeO43 - Institutions and Growth
dc.subject.jelcodeO44 - Environment and Growth
dc.subject.jelcodeO47 - Empirical Studies of Economic Growth • Aggregate Productivity • Cross-Country Output Convergence
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.typeMonographs
idb.identifier.pubnumberMonographs
idb.operationBK-C1134
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