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Books > Reference & Interdisciplinary > Interdisciplinary studies > Development studies
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Complex Adaptive Innovation Systems - Relatedness and Transversality in the Evolving Region (Paperback)
Loot Price: R1,697
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Complex Adaptive Innovation Systems - Relatedness and Transversality in the Evolving Region (Paperback)
Series: Regions and Cities
Expected to ship within 10 - 15 working days
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Leading up to the financial crisis of 2008 and onwards, the
shortcomings of traditional models of regional economic and
environmental development had become increasingly evident. Rooted
in the idea that 'policy' is an encumbrance to free markets, the
stress on supply-side smoothing measures such as clusters and an
over reliance on venture capital, the inadequacy of existing
orthodoxies has come to be replaced by the notion of
transversality. This approach has three strong characteristics that
differentiate it from its failing predecessor. First, as the name
implies, it seeks to finesse horizontal knowledge interactions as
well as vertical ones, thus building 'platforms' of industrial
interaction. Secondly, it is not a supply, but a demand side model
in which needs-driven innovation rather than pure market
competition prevails. Finally, it is ongoing through recessionary
times, being more robust than over-specialized approaches to
economic growth. The intellectual origins of transversality lie in
an aspiration to promote eco-innovation, one of the key hopes of
assisting Western regional and national economies to re-balance and
escape recession. The policy models of key regional exponents of
the concept are explored and their goals achievement is assessed.
An array of policy instruments and measures is presented for
hands-on policy implementation. The book will be of vital interest
to academics as teachers and researchers as well as policy advisers
and public servants.
General
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