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Globalization, national innovation systems and response of public policy

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Author Info
Singh, Lakhwinder

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Abstract

Abstract This paper attempts to set the significance of public innovation policies in contemporary developing countries in the context of the fast pace of globalization. It is fairly well established both in theory and practice that investment expenditure on innovation projects is likely to be low if left in the hands of private economic agents as they have a tendency to under-invest due to the ‘public good’ nature of the outcomes of R&D. However, policy in developing economies seldom takes seriously the importance of investment in innovation projects. This has not been without far-reaching implications for the growth and development performance of developing countries in general. The paper explores the role of international institutions and national governments in the task of strengthening national innovation systems through innovative interventions at national and international levels.

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File URL: http://mpra.ub.uni-muenchen.de/641/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 641.

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Date of creation: 01 Nov 2006
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Publication status: Published in International Journal of Technology Management and sustainable Development Issue 3.Vol. 3(2004): pp. 215-231
Handle: RePEc:pra:mprapa:641

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Related research
Keywords: globalization of technology role of state knowledge gaps global public good innovative strategy developing countries international institutions intellectual property rights innovation policy

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Find related papers by JEL classification:
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights
O3 - Economic Development, Technological Change, and Growth - - Technological Change

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This item is featured on the following reading lists:
  1. Socio-Economics of Innovation
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  1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October. [Downloadable!] (restricted)
  2. Fagerberg, Jan & Verspagen, Bart, 2002. "Technology-gaps, innovation-diffusion and transformation: an evolutionary interpretation," Research Policy, Elsevier, vol. 31(8-9), pages 1291-1304, December. [Downloadable!] (restricted)
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  3. Narula,Rajneesh & Sadowski,Bert M., 1998. "Technological catch-up and strategic technology partnering in developing countries," Research Memoranda 001, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
  4. Fagerberg, Jan, 1987. "A technology gap approach to why growth rates differ," Research Policy, Elsevier, vol. 16(2-4), pages 87-99, August. [Downloadable!] (restricted)
  5. Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander, 1995. "North-South R&D Spillovers," CEPR Discussion Papers 1133, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  6. Xu, Bin, 2000. "Multinational enterprises, technology diffusion, and host country productivity growth," Journal of Development Economics, Elsevier, vol. 62(2), pages 477-493, August. [Downloadable!] (restricted)
  7. Suh, Joonghae, 2000. "Korea's Innovation System: Challenges and New Policy Agenda," Discussion Papers 4, United Nations University, Institute for New Technologies. [Downloadable!]
  8. David L. Carr & James R. Markusen & Keith E. Maskus, 2001. "Estimating the Knowledge-Capital Model of the Multinational Enterprise," American Economic Review, American Economic Association, vol. 91(3), pages 693-708, June. [Downloadable!] (restricted)
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  9. Mani, Sunil, 1999. "Public Innovation Policies and Developing Countries In a Phase of Economic Liberalisation," Discussion Papers 02, United Nations University, Institute for New Technologies. [Downloadable!]
  10. Coe, David T. & Helpman, Elhanan, 1995. "International R&D spillovers," European Economic Review, Elsevier, vol. 39(5), pages 859-887, May. [Downloadable!] (restricted)
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  11. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-51, March. [Downloadable!] (restricted)
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  12. Robert E. Evenson & Lakhwinder Singh, 1997. "Economic Growth, International Technological Spillovers and Public Policy: Theory and Empirical Evidence from Asia," Working Papers 777, Economic Growth Center, Yale University. [Downloadable!]
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