The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up
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 ne...
| id |
okr-10986-28341 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-283412021-09-30T05:10:34Z The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up Cirera, Xavier Maloney, William F. TECHNOLOGY ADOPTION INNOVATION ECONOMIC GROWTH COMPETITIVENESS COMPETITION POLICY GOVERNMENT CAPACITY INNOVATION POLICY MANUFACTURING PRODUCTIVITY 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. 2017-09-20T17:31:29Z 2017-09-20T17:31:29Z 2017-10-03 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/322521507638821474/the-innovation-paradox-developing-country-capabilities-and-the-unrealized-promise-of-technological-catch-up https://documents.worldbank.org/en/publication/documents-reports/documentdetail/844101510122107327/the-innovation-paradox-developing-country-capabilities-and-the-unrealized-promise-of-technological-catch-up 978-1-4648-1160-9 http://hdl.handle.net/10986/28341 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication |
| 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 |
TECHNOLOGY ADOPTION INNOVATION ECONOMIC GROWTH COMPETITIVENESS COMPETITION POLICY GOVERNMENT CAPACITY INNOVATION POLICY MANUFACTURING PRODUCTIVITY |
| spellingShingle |
TECHNOLOGY ADOPTION INNOVATION ECONOMIC GROWTH COMPETITIVENESS COMPETITION POLICY GOVERNMENT CAPACITY INNOVATION POLICY MANUFACTURING PRODUCTIVITY Cirera, Xavier Maloney, William F. The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up |
| description |
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. |
| format |
Book |
| author |
Cirera, Xavier Maloney, William F. |
| author_facet |
Cirera, Xavier Maloney, William F. |
| author_sort |
Cirera, Xavier |
| title |
The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up |
| title_short |
The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up |
| title_full |
The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up |
| title_fullStr |
The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up |
| title_full_unstemmed |
The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up |
| title_sort |
innovation paradox : developing-country capabilities and the unrealized promise of technological catch-up |
| publisher |
Washington, DC: World Bank |
| publishDate |
2017 |
| url |
https://documents.worldbank.org/en/publication/documents-reports/documentdetail/322521507638821474/the-innovation-paradox-developing-country-capabilities-and-the-unrealized-promise-of-technological-catch-up https://documents.worldbank.org/en/publication/documents-reports/documentdetail/844101510122107327/the-innovation-paradox-developing-country-capabilities-and-the-unrealized-promise-of-technological-catch-up http://hdl.handle.net/10986/28341 |
| _version_ |
1764466657685667840 |