By Vandana Chandra, Deniz Eröcal, Pier Carlo Padoan, Carlos A. Primo Braga
Innovation is essential to long term financial progress, much more so within the aftermath of the monetary and financial crisis.In this quantity, the OECD and the area financial institution together take inventory of ways globalisation is posing new demanding situations for innovation and development in either built and constructing nations, and the way nations are dealing with them. The authors speak about thoughts for coverage projects which can foster technological innovation within the pursuit of swifter and sustainable progress. many of the chapters spotlight how the emergence of an built-in international marketplace impacts the effect of nationwide innovation coverage. What looked like potent innovation ideas guidelines designed to bolster the R&D capability of family enterprises) aren't any longer adequate for potent catch-up. The extra open and international nature of innovation makes innovation rules tougher to layout and enforce on the nationwide scale on my own. those demanding situations are extra complex through new phenomena, reminiscent of international worth chains and the fragmentation of creation, the growing to be position of worldwide businesses, and the ICT revolution. the place and why an international company chooses to anchor its creation impacts the enjoying box for OECD and constructing economies alike.Table of content material : - Foreword- Acknowledgements- creation - why innovation issues - pageant, innovation and development - concept, facts and coverage demanding situations- Korea and the BICs (Brazil, India and China): catching-up studies - Priorities for progress in OECD economies - the advance of world innovation networks and the move of data - Innovation techniques for development: insights from OECD international locations - diversified innovation thoughts, assorted effects - Brazil, Russia, India, China and Korea (the BRICKs - expertise diffusion within the constructing global - international funding and the improvement of telecommunications in Latin the US - Broadband as a platform for monetary, social and cultural improvement - classes from Asia - User-driven innovation and communications improvement
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Extra info for Innovation and Growth: Chasing a Moving Frontier
Export led catch-up in Korea and China Percentage of output exported Textiles Industrial chemicals Machinery, electric Transport equipment Machinery, except electrical 12% 10% Korea China 8% 6% 4% 2% 0% 1980-84 1990-94 2004-05 1980-84 1990-94 2004-05 Source: Author’s calculations based on COMTRADE Database and INDSTAT Database. The timing and pace of foreign competition measured by tariff cuts sheds some light on the differences among the BICs in their pursuit of economic integration with the world economy.
In fact, Korea’s catch-up with OECD countries is strongly correlated with its success in bolstering the technological content of its exports in the direction of OECD exports. 7. By the 2000s, it exported a large proportion of relatively higher-technology products with a structure of exports that resembled Korea’s far more than that of either Brazil or India. INNOVATION AND GROWTH © OECD AND THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT/THE WORLD BANK, 2009 41 42 – 3. 6. 4 Source: Authors’ calculations based on COMTRADE Database.
S model: • First, on the eve of trade liberalisation, the timing and pace of which varied significantly among the BICs, most of the BICs’ leading industries (which account for the bulk of their GDP) were a “very long” distance from the Korean technological frontier. In a set of about 30 industries, there were eight exceptions4 for which Brazil was within 80-100% of the technological frontier. • Second, distance to the frontier is not fixed. In most industries, the frontier – the Korean industry’s labour productivity – is growing very fast.