Knowledge-Intensive Entrepreneurship in Low-Tech Industries

Knowledge-Intensive Entrepreneurship in Low-Tech Industries

Edited by Hartmut Hirsch-Kreinsen and Isabel Schwinge

This book contributes to the discussion about the relevance of knowledge-intensive entrepreneurship for industrial innovation in the context of traditional low-technology industries.

Chapter 9: Trapped by the high-tech myth: the need and chances for a new policy rationale

Attila Havas

Subjects: economics and finance, economics of entrepreneurship, economics of innovation, industrial economics, innovation and technology, economics of innovation

Extract

Evidence-based policy has become a buzzword in most policy domains, including science, technology and innovation (STI) policies. Research efforts have indeed provided a significant amount of evidence: insights as to the nature and dynamics of knowledge creation, diffusion, and exploitation processes, lending theoretical justification for policy interventions. These results have influenced policy documents of major supranational organizations, too, such as the EU, the OECD and various UN organizations. Policy-making processes-in a broader sense: policy governance subsystems-themselves, together with the impacts of various STI policy tools have also become subjects of thorough analyses. Evidence cannot be turned into an 'optimal' set of policy measures in an 'objective', 'scientific' way as it needs to be interpreted in the context of given policy issues and then translated into actions. Moreover, different schools of thought offer contrasting policy advice, and perhaps more importantly, various actors also influence the policy-setting processes, pursuing their own interests and values. Thus, in spite of major research results, policy-making is still more of an art than an easy-to-handle 'technology', that is, a set of proven methods prescribed in handbooks with engineering precision-and STI policies are no exception. It is no surprise, therefore, that the world of STI policy-making is characterized by major puzzles. One of these is the apparent contradiction between the perceived 'European paradox' and the still dominant view of the importance of 'high-tech' research and 'high-tech' industries.

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