National Innovation, Indicators and Policy

National Innovation, Indicators and Policy

New Horizons in the Economics of Innovation series

Edited by Louise Earl and Fred Gault

This book takes stock of what is known about the process of innovation and its effects, and the policy interventions that influence both. It provides insights into future research required to support evidence-based policy-making and makes clear the need to take a systems approach to the analysis of innovation, its outcomes and its impacts.

Chapter 11: Insights into Innovation, Indicators and Policy

Fred Gault and Louise Earl

Subjects: economics and finance, economics of innovation, international economics, innovation and technology, economics of innovation, innovation policy


Fred Gault and Louise Earl INTRODUCTION The contributors to this book have examined the activity of innovation, attempts to measure the activity in a systems context, and the role of policy in supporting innovation. The common objective has been to improve the collective understanding of a complex phenomenon, at a time when the rules of the business game are changing and other institutions – governments, higher education institutions, international organizations – are being challenged to recognize and respond to these changes. Indicators are needed to help improve understanding of the changing environment, to track the impacts of globalization, the outcomes of innovation, and progress towards the Millennium Development Goals (UN 2000). As a consequence of economic and social changes taking place, Friedman (2005) has announced that the ‘world is flat’, by which he means that the information and communication technology (ICT) infrastructure, and the software applications that are available on it, are facilitating outsourcing, off-shoring, in-sourcing, supply chain management across space and time, and the use of search engines, such as Google, to find information and codified knowledge – any where, any time. The openness of the Web, since the launch of Netscape in 1995, supports collaborative undertakings, such as open source software development, as well as the management of the supply chain, and it comes at a time when there are markets available in China, India and Central and Eastern Europe that were not there 15 years ago. The Friedman thesis is that the world has changed, or flattened, the...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information