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Innovation Policy in a Knowledge-Based Economy - Theory and Practice (Paperback, Softcover reprint of hardcover 1st ed. 2005)
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Innovation Policy in a Knowledge-Based Economy - Theory and Practice (Paperback, Softcover reprint of hardcover 1st ed. 2005)
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Patrick Llerena and Mireille Matt BETA, Strasbourg, E-mail:
pllerena@coumot. u-strasbg. fr BETA, Strasbourg, E-mail:
matt@coumot. u-strasbg. fr 0. 1 Why Analyze Innovation Policies
From a Knowledge- Based Perspective? It is broadly accepted that we
have moved (or are moving) to a knowled- based economy,
characterized at least by two main features: that knowl edge is a
major factor in economic growth, and innovation processes are
systemic by nature. It is not surprising that this change in the
economic paradigm requires new analytical foundations for
innovation policies. One of the purposes of this book is to make
suggestions as to what they should include. Underpinning all the
chapters in this book is a conviction of the impor tance of dynamic
and systemic approaches to innovation policy. Nelson (1959) DEGREES
and Arrow (1962) DEGREES saw innovation and the creation of new
knowl edge as the emergence and the diffusion of new information,
characterized essentially as a public good. The more recent
theoretical literature regarded the rationale for innovation
policies as being to provide solutions to "mar ket failures."
Today, however, knowledge is seen as multidimensional (tacit vs.
codified) and open to interpretation. Acknowledging that the
creation, coordination and diffusion of knowledge are dynamic and
cumu lative processes, and that innovation processes result from
the coordination of distributed knowledge, renders the "market
failure" view of innovation policies obsolete. Innovation policies
must be systemic and dynamic."
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