Book

The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up

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collection.link.129
https://openknowledge.worldbank.org/handle/10986/5993
collection.name.129
Stand alone books
dc.contributor.author
Cirera, Xavier
dc.contributor.author
Maloney, William F.
dc.date.accessioned
2017-09-20T17:31:29Z
dc.date.available
2017-09-20T17:31:29Z
dc.date.issued
2017-10-03
dc.description.abstract
Since Schumpeter, economists have argued that vast productivity gains can be achieved by investing in innovation and technological catch-up. Yet, as this volume documents, developing country firms and governments invest little to realize this potential, which dwarfs international aid flows. Using new data and original analytics, the authors uncover the key to this innovation paradox in the lack of complementary physical and human capital factors, particularly firm managerial capabilities, that are needed to reap the returns to innovation investments. Hence, countries need to rebalance policy away from R&D-centered initiatives – which are likely to fail in the absence of sophisticated private sector partners – toward building firm capabilities, and embrace an expanded concept of the National Innovation System that incorporates a broader range of market and systemic failures. The authors offer guidance on how to navigate the resulting innovation policy dilemma: as the need to redress these additional failures increases with distance from the frontier, government capabilities to formulate and implement the policy mix become weaker. This book is the first volume of the World Bank Productivity Project, which seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers.
en
dc.identifier.isbn
978-1-4648-1160-9
dc.identifier.uri
http://hdl.handle.net/10986/28341
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
TECHNOLOGY ADOPTION
dc.subject
INNOVATION
dc.subject
ECONOMIC GROWTH
dc.subject
COMPETITIVENESS
dc.subject
COMPETITION POLICY
dc.subject
GOVERNMENT CAPACITY
dc.subject
INNOVATION POLICY
dc.subject
MANUFACTURING
dc.title
The Innovation Paradox
en
dc.title.subtitle
Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up
en
dc.type
Book
en
okr.date.disclosure
2017-10-03
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1160-9
okr.identifier.internaldocumentum
211160
okr.imported
true
okr.language.supported
en
okr.topic
Industry :: Industrial Economics
okr.topic
International Economics and Trade :: Competition Policy
okr.topic
International Economics and Trade :: Export Competitiveness
okr.topic
Private Sector Development :: Competitiveness and Competition Policy
okr.topic
Science and Technology Development :: Innovation
okr.unit
GTCIE

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