Innovation Policy in the Knowledge-Based Economy

Malaysia was one of the early adopters of Internet technology to steer innovation policy in a direction that is making the country become a knowledge-based economy. This notion of knowledge-based economy driven by ICT is best exemplified by the borderless connectivity, interactivity, and networking. Since the middle of 1990s, there have been gradual but systematic public and private sector initiatives towards ICT agenda with the prominent role of the state. This chapter aims to unpack ICT developments and examine the implications of the post-MSC formation for Malaysia and its associated issues and challenges. Second, the discussion provides an overview of MSC performance and its importance for enhancing growth, trade, and investment; reducing the digital gap; nurturing innovation; and achieving more inclusive societies. Third, some issues and challenges in MSC development are also highlighted.


2017 ◽  
Vol 16 (2) ◽  
pp. 119-130 ◽  
Author(s):  
Wanjiru Gachie ◽  
Desmond Wesley Govender

This paper undertakes a desktop examination of innovation policy and governance in Africa. The article therefore adds on to the importance of intra-African region innovation policy dialogue by exploring policy developments in the African region. The article identifies a weak and fragmented innovation system as a major challenge facing many of the African countries, exacerbated by the lack of an explicit innovation strategy. The literature indicates that Science, Technology and Innovation (STI) policies should not simply adopt a science-push approach to innovation, but rather focus on building an entire system of innovation. The emergence of a knowledge-based economy and globalisation such as the BRICs - Brazil, Russia, India, China and South Africa are restructuring the dynamics of innovation in developing countries. The literature has also shown that several international organisations have played significant roles in the development of Science and Technology (S&T) policies among African countries. However, the international organisations initiatives have mostly focused on the development of S&T with minimal emphasis on the role of policies and administration, which would increase learning and innovation performance in Africa. The central premise of the article is that innovation policy and governance is an essential component of the National System of Innovation in the African region.


2005 ◽  
Vol 12 (2) ◽  
pp. 240-253 ◽  
Author(s):  
Vittorio A. Torbianelli ◽  
Francesca Chieruzzi

Author(s):  
Anna Zorska

The article investigates changes of national innovativeness and state’s innovation policy under conditions of open economy. An external openness – to the global environment – enables growth of international flows of goods and factors as well as increase of business and institutional linkages. Raising importance and impacts of external conditions on national innovativeness and national innovation system (NIS) are driven by four processes: globalization, regionalization, growing knowledge-based economy and transnational business. A new concept of NIS internationalization process in an open economy is introduced, including external and internal conditions, four groups of entities (including ones of foreign origin) together with their linkages and interactions. The return of the state to active innovation policy in order to influence activity led by all entities of domestic as well as foreign origins, including subsidiaries and research centers owned by foreign firms (TNCs) is justified in the light of the research. The state should influence the activity led by foreign entities with instruments of investment policy (to attract inflow of foreign direct investments to the domestic research sector) as well as instruments of innovation policy directed towards all entities.


2021 ◽  
Vol 3 (1) ◽  
pp. 203-213
Author(s):  
Anatoly Ablazhey

The review analysis the content of a collective monograph about the institutions and practices of social institutions interaction, included in the production of innovative products. The book is complex, interdisciplinary and based on a rich empirical base. Among the authors - specialists in the field of sociology of education, science of science, statistics, jurisprudence. In their field of view are such important topics as key problems of training for the knowledge-based economy; the role and functions of techno-parks; statistical accounting in the field of innovation; lobbying as an element of state innovation policy, legal aspects of innovation (protection of intellectual property), etc. A number of the results obtained by theauthors are valuable for both researchers and managers. Among them, for example, is the conclusion that a simple increasing of funding for knowledge-intensive sectors of economy will not guarantees automatic growth of the innovation market. More perspective is searching and testing of new, more effective forms of interaction between the key-players operating in this area. The monograph is an important contribution in scientific understanding the problem of innovation in modern Russia and must be useful to all specialists deal with this topic.


2019 ◽  
Vol 132 ◽  
pp. 01005
Author(s):  
Zofia Gródek-Szostak

One of the most important objectives of the innovation policy of both developed and developing countries is the development of national and regional innovation systems. These are institutions and skills that aim to introduce innovations increasing competitiveness of the economy and improving the quality of life in society. Maintaining economic growth based on building a knowledge-based economy requires increasing the economic potential, mainly through increasing productivity and innovation. What is important in creating the innovative potential of the Polish economy is the fact that the large size of the Polish market, combined with the low level of openness to trade isolates domestic companies from their international competition. Domestic markets products and services are among the least liberalized in the EU and OECD. Polish companies may be sufficiently profitable in the domestic market, and therefore the pressure to compete with their counterparts abroad through investments in innovation and R&D, is lower. An important role in building an innovative economy is played by the business environment institutions providing specialized services to support the development of enterprises. Between these entities that are a part of the entrepreneurship support system in Poland, there are numerous organizational and competence links. The aim of this study is to determine the course of action for activities undertaken in the framework of innovation policy, which are aimed at creating system support for the development of the agri-food sector. The idea behind the study was to verify the hypothesis that the availability of the system services affects the increase of competitiveness, profitability, or viability and potential of the agri-food sector. The object of the study was a pilot service in the field of marketing and sales of products for micro and small companies in the agri-food processing industry. It was carried out based on the system project of the Polish Agency for the Development of Entrepreneurship (PARP), “Providing enterprises with access to new services of the National Service Network (KSU),” financed under Sub-measure 2.2.1 of the Operational Programme Human Capital 2007-2013.


2002 ◽  
pp. 253-272 ◽  
Author(s):  
Jens Nyholm ◽  
Lars Normann ◽  
Claus Frelle‐Petersen ◽  
Mark Riis ◽  
Peter Torstensen

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