Book contents
- Innovation Systems, Policy and Management
- Innovation Systems, Policy and Management
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Abbreviations
- Introduction
- Part I Innovation Policy and Innovation Systems
- 1 Moving Forward in Sectoral Systems Research
- 2 Effectiveness of Direct and Indirect R&D Support
- 3 From Market Fixing to Market Creating
- 4 Strategic Alliances
- Part II Innovation in Developing and Emerging Countries
- Part III Regional Innovation Systems and Policies
- Part IV Innovation Management and its Links with Policy
- Index
- References
3 - From Market Fixing to Market Creating
A New Framework for Innovation Policy*
from Part I - Innovation Policy and Innovation Systems
Published online by Cambridge University Press: 10 August 2018
Edited by
Book contents
- Innovation Systems, Policy and Management
- Innovation Systems, Policy and Management
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Abbreviations
- Introduction
- Part I Innovation Policy and Innovation Systems
- 1 Moving Forward in Sectoral Systems Research
- 2 Effectiveness of Direct and Indirect R&D Support
- 3 From Market Fixing to Market Creating
- 4 Strategic Alliances
- Part II Innovation in Developing and Emerging Countries
- Part III Regional Innovation Systems and Policies
- Part IV Innovation Management and its Links with Policy
- Index
- References
Summary
Innovation agencies around the world are increasingly considering socio-economic-technological challenges that can be tackled through innovation policies (EC Innovation Union; OECD Innovation Strategy). The idea is that, through such challenges, which can relate to such issues as climate change, cancer, or the demographic-aging crisis, innovation policy should produce solutions for societal problems. The present chapter argues that such challenge-driven innovation policies require the traditional market failure justification for policy intervention, and even the system failure one, to be complemented with a more active market creating framework. To this end, the chapter draws on and advances an analysis of the role of public policy in the economy that can provide a more strategic and mission-oriented approach (Mazzucato 2018).
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- Information
- Innovation Systems, Policy and Management , pp. 79 - 103Publisher: Cambridge University PressPrint publication year: 2018
References
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