Creating a 21st Century National Innovation System for a 21st Century Latvian Economy
The Latvian economy made great strides in recovering from the economic shock of the early transition and the adverse aftereffects of the 1998 Russian financial crisis. Nevertheless, Latvia faces serious challenges to its future growth and prosperit...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/11/5491122/creating-21st-century-national-innovation-system-21st-century-latvian-economy http://hdl.handle.net/10986/14186 |
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okr-10986-14186 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURE AUDITS BENCHMARK BENCHMARKING CAPITAL FORMATION COMPARATIVE ADVANTAGE COMPARATOR COUNTRIES COMPETITIVE ADVANTAGE DEVELOPING COUNTRIES DIVISION OF LABOR DUAL ECONOMY ECONOMIC COMPETITIVENESS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PROGRESS ECONOMIC RESEARCH ECONOMIC SECTORS ECONOMICS ECONOMIES OF SCALE EMPIRICAL STUDIES EMPLOYMENT ENGINEERS EQUIPMENT EXPENDITURES EXPORTS EXTERNALITY FINANCIAL CRISIS FISHING FOOD PROCESSING FOOD PRODUCTS FOREST SECTOR FORESTRY FORESTRY SECTOR GDP GLOBAL COMPETITIVENESS GLOBAL VALUE GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL IMPORTS INFLATION INNOVATION INNOVATIONS INTERNATIONAL TRADE INVENTIONS KNOWLEDGE ECONOMY LABOR PRODUCTIVITY LABORATORIES LEARNING MACROECONOMIC STABILITY MARKETING METALS MINING PATENTS PER CAPITA INCOMES POLICY MAKERS PRIVATE SECTOR PRODUCT DIFFERENTIATION PRODUCTION PROCESSES PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMMING PROGRAMS PURCHASING POWER SCIENTISTS SILICON SPILLOVERS TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATIONS TELECOMMUNICATIONS SECTOR TERMS OF TRADE TEXTILES TRADE BALANCE TRADE DEFICIT TRADE STATISTICS TRANSFER OF TECHNOLOGY TRANSITION ECONOMIES UNIVERSITIES VALUE ADDED WAGES WEALTH WEALTH CREATION WOOD |
| spellingShingle |
AGRICULTURE AUDITS BENCHMARK BENCHMARKING CAPITAL FORMATION COMPARATIVE ADVANTAGE COMPARATOR COUNTRIES COMPETITIVE ADVANTAGE DEVELOPING COUNTRIES DIVISION OF LABOR DUAL ECONOMY ECONOMIC COMPETITIVENESS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PROGRESS ECONOMIC RESEARCH ECONOMIC SECTORS ECONOMICS ECONOMIES OF SCALE EMPIRICAL STUDIES EMPLOYMENT ENGINEERS EQUIPMENT EXPENDITURES EXPORTS EXTERNALITY FINANCIAL CRISIS FISHING FOOD PROCESSING FOOD PRODUCTS FOREST SECTOR FORESTRY FORESTRY SECTOR GDP GLOBAL COMPETITIVENESS GLOBAL VALUE GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL IMPORTS INFLATION INNOVATION INNOVATIONS INTERNATIONAL TRADE INVENTIONS KNOWLEDGE ECONOMY LABOR PRODUCTIVITY LABORATORIES LEARNING MACROECONOMIC STABILITY MARKETING METALS MINING PATENTS PER CAPITA INCOMES POLICY MAKERS PRIVATE SECTOR PRODUCT DIFFERENTIATION PRODUCTION PROCESSES PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMMING PROGRAMS PURCHASING POWER SCIENTISTS SILICON SPILLOVERS TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATIONS TELECOMMUNICATIONS SECTOR TERMS OF TRADE TEXTILES TRADE BALANCE TRADE DEFICIT TRADE STATISTICS TRANSFER OF TECHNOLOGY TRANSITION ECONOMIES UNIVERSITIES VALUE ADDED WAGES WEALTH WEALTH CREATION WOOD Watkins, Alfred Agapitova, Natalia Creating a 21st Century National Innovation System for a 21st Century Latvian Economy |
| geographic_facet |
Europe and Central Asia Latvia |
| relation |
Policy Research Working Paper;No.3457 |
| description |
The Latvian economy made great strides
in recovering from the economic shock of the early
transition and the adverse aftereffects of the 1998 Russian
financial crisis. Nevertheless, Latvia faces serious
challenges to its future growth and prosperity despite these
impressive achievements and the outward appearance of
macroeconomic stability and economic progress. A wide
variety of recent studies suggest that the Latvian economy
is not particularly competitive and, even more worrisome,
they indicate that Latvia is not well positioned to gain
ground in the race for global competitiveness, prosperity,
and rising standards of living. Most of Latvia's growth
to date has come from one-off gains generated by structural
reforms, privatization, and reallocating resources, not
inexhaustible reservoirs of growth. Latvian enterprises will
be able to sustain economic growth and create high wage jobs
only by becoming internationally competitive, innovating,
accumulating new knowledge and technology, and finding a
high value added niche in the European and global division
of labor. This paper is designed to help Latvian leaders
develop a clear diagnosis of the innovation and
competitiveness challenges facing Latvia as it prepares to
enter the EU and, more important, design and implement
policies and programs to ensure that Latvia reaps the
maximum possible benefits from EU structural funds. Section
II analyzes the current structure of Latvia's
production, imports, and exports. Section III uses data from
a number of competitiveness reports to benchmark
Latvia's current progress against a number of
comparator countries and to pinpoint Latvia's strengths
and weaknesses as an innovative economy. Section IV offers a
detailed list of potential policies and programs that could
improve the competitiveness of Latvian enterprises and the
efficiency of the Latvian National Innovation System. The
recommendations include specific policies and programs to
improve (1) the production of knowledge in Latvia, (2) the
commercialization of technology produced by Latvian
scientists, small companies, and research institutes, and
(3) local firms' capacity to absorb, adapt, and adopt
existing knowledge produced outside Latvia for use inside Latvia. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Watkins, Alfred Agapitova, Natalia |
| author_facet |
Watkins, Alfred Agapitova, Natalia |
| author_sort |
Watkins, Alfred |
| title |
Creating a 21st Century National Innovation System for a 21st Century Latvian Economy |
| title_short |
Creating a 21st Century National Innovation System for a 21st Century Latvian Economy |
| title_full |
Creating a 21st Century National Innovation System for a 21st Century Latvian Economy |
| title_fullStr |
Creating a 21st Century National Innovation System for a 21st Century Latvian Economy |
| title_full_unstemmed |
Creating a 21st Century National Innovation System for a 21st Century Latvian Economy |
| title_sort |
creating a 21st century national innovation system for a 21st century latvian economy |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/11/5491122/creating-21st-century-national-innovation-system-21st-century-latvian-economy http://hdl.handle.net/10986/14186 |
| _version_ |
1764430866318098432 |
| spelling |
okr-10986-141862021-04-23T14:03:21Z Creating a 21st Century National Innovation System for a 21st Century Latvian Economy Watkins, Alfred Agapitova, Natalia AGRICULTURE AUDITS BENCHMARK BENCHMARKING CAPITAL FORMATION COMPARATIVE ADVANTAGE COMPARATOR COUNTRIES COMPETITIVE ADVANTAGE DEVELOPING COUNTRIES DIVISION OF LABOR DUAL ECONOMY ECONOMIC COMPETITIVENESS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PROGRESS ECONOMIC RESEARCH ECONOMIC SECTORS ECONOMICS ECONOMIES OF SCALE EMPIRICAL STUDIES EMPLOYMENT ENGINEERS EQUIPMENT EXPENDITURES EXPORTS EXTERNALITY FINANCIAL CRISIS FISHING FOOD PROCESSING FOOD PRODUCTS FOREST SECTOR FORESTRY FORESTRY SECTOR GDP GLOBAL COMPETITIVENESS GLOBAL VALUE GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL IMPORTS INFLATION INNOVATION INNOVATIONS INTERNATIONAL TRADE INVENTIONS KNOWLEDGE ECONOMY LABOR PRODUCTIVITY LABORATORIES LEARNING MACROECONOMIC STABILITY MARKETING METALS MINING PATENTS PER CAPITA INCOMES POLICY MAKERS PRIVATE SECTOR PRODUCT DIFFERENTIATION PRODUCTION PROCESSES PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMMING PROGRAMS PURCHASING POWER SCIENTISTS SILICON SPILLOVERS TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATIONS TELECOMMUNICATIONS SECTOR TERMS OF TRADE TEXTILES TRADE BALANCE TRADE DEFICIT TRADE STATISTICS TRANSFER OF TECHNOLOGY TRANSITION ECONOMIES UNIVERSITIES VALUE ADDED WAGES WEALTH WEALTH CREATION WOOD The Latvian economy made great strides in recovering from the economic shock of the early transition and the adverse aftereffects of the 1998 Russian financial crisis. Nevertheless, Latvia faces serious challenges to its future growth and prosperity despite these impressive achievements and the outward appearance of macroeconomic stability and economic progress. A wide variety of recent studies suggest that the Latvian economy is not particularly competitive and, even more worrisome, they indicate that Latvia is not well positioned to gain ground in the race for global competitiveness, prosperity, and rising standards of living. Most of Latvia's growth to date has come from one-off gains generated by structural reforms, privatization, and reallocating resources, not inexhaustible reservoirs of growth. Latvian enterprises will be able to sustain economic growth and create high wage jobs only by becoming internationally competitive, innovating, accumulating new knowledge and technology, and finding a high value added niche in the European and global division of labor. This paper is designed to help Latvian leaders develop a clear diagnosis of the innovation and competitiveness challenges facing Latvia as it prepares to enter the EU and, more important, design and implement policies and programs to ensure that Latvia reaps the maximum possible benefits from EU structural funds. Section II analyzes the current structure of Latvia's production, imports, and exports. Section III uses data from a number of competitiveness reports to benchmark Latvia's current progress against a number of comparator countries and to pinpoint Latvia's strengths and weaknesses as an innovative economy. Section IV offers a detailed list of potential policies and programs that could improve the competitiveness of Latvian enterprises and the efficiency of the Latvian National Innovation System. The recommendations include specific policies and programs to improve (1) the production of knowledge in Latvia, (2) the commercialization of technology produced by Latvian scientists, small companies, and research institutes, and (3) local firms' capacity to absorb, adapt, and adopt existing knowledge produced outside Latvia for use inside Latvia. 2013-06-25T19:24:36Z 2013-06-25T19:24:36Z 2004-11 http://documents.worldbank.org/curated/en/2004/11/5491122/creating-21st-century-national-innovation-system-21st-century-latvian-economy http://hdl.handle.net/10986/14186 English en_US Policy Research Working Paper;No.3457 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Latvia |