9781464811609-1464811601-The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up

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

ISBN-13: 9781464811609
ISBN-10: 1464811601
Author: Cirera, Xavier, Maloney, William F.
Publication date: 2017
Publisher: World Bank Publications
Format: Paperback 214 pages
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Book details

ISBN-13: 9781464811609
ISBN-10: 1464811601
Author: Cirera, Xavier, Maloney, William F.
Publication date: 2017
Publisher: World Bank Publications
Format: Paperback 214 pages

Summary

Acknowledged authors Cirera, Xavier, Maloney, William F. wrote The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up comprising 214 pages back in 2017. Textbook and eTextbook are published under ISBN 1464811601 and 9781464811609. Since then The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

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 and 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.

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