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Innovation offers potential: to cure diseases, to better connect
people, and to make the way we live and work more efficient and
enjoyable. At the same time, innovation can fuel inequality,
decimate livelihoods, and harm mental health. This book contends
that inclusive innovation - innovation motivated by environmental
and social aims - is able to uplift the benefits of innovation
while reducing its harms. The book provides accessible engagement
with inclusive innovation happening at the grassroots level through
to policy arenas, with a focus on the South-East Asian region.
Focusing on fundamental questions underpinning innovation, in terms
of how, what and where, it argues that inclusive innovation has
social processes and low-tech solutions as essential means of
driving innovation, and that environmental concerns must be
considered alongside societal aims. The book's understanding of
inclusive innovation posits that marginalized or underrepresented
innovators are empowered to include themselves by solving a problem
that they are experiencing. The first in-depth exploration of
efforts underway to assuage inequality from policy, private sector,
and grassroots perspectives, this book will interest researchers in
the areas of innovation studies, political economy, and development
studies. Chapters 1 and 5 of this book are available for free in
PDF format as Open Access from the individual product page at
www.routledge.com. It has been made available under a Creative
Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Silicon Valley has become shorthand for a globally acclaimed way to
unleash the creative potential of venture capital, supporting
innovation and creating jobs. In The Venture Capital State Robyn
Klingler-Vidra traces how and why different states have adopted
distinct versions of the Silicon Valley model. Venture capital
seeks high rewards but is enveloped in high risk. The author’s
deep investigations of venture capital policymaking in East Asian
states (Hong Kong, Taiwan, Singapore) show that success does not
reflect policymakers’ ability to replicate the Silicon Valley
model. Instead, she argues, performance reflects their skill in
adapting a highly lauded model to their local context. Policymakers
are "contextually rational" in their learning; their context-rooted
norms shape their preferences. The normative context for learning
about policy—how elites see themselves and what they deem as
locally appropriate—informs how they design their efforts. The
Venture Capital State offers a novel conceptualization of
rationality, bridging diametrically opposed versions of bounded and
conventional rationality. This new understanding of rationality is
simultaneously fully informed and context based, and it provides a
framework by which analysts can bring domestic factors to the very
heart of international diffusion of policy. Klingler-Vidra
concludes that states have a visible hand in constituting even
quintessentially neoliberal markets.
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