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Globalization, national innovation systems and response of public policy

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  • Singh, Lakhwinder

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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Bibliographic Info

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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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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References

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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.
  2. 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.
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  4. Elhanan Helpman & David T. Coe & Alexander W. Hoffmaister, 1994. "North-South R&D Spillovers," IMF Working Papers 94/144, International Monetary Fund.
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  7. Verspagen, Bart, 1991. "A new empirical approach to catching up or falling behind," Open Access publications from Maastricht University urn:nbn:nl:ui:27-18004, Maastricht University.
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  9. Suh, Joonghae, 2000. "Korea's Innovation System: Challenges and New Policy Agenda," Discussion Papers 4, United Nations University, Institute for New Technologies.
  10. Coe, David T. & Helpman, Elhanan, 1995. "International R&D spillovers," European Economic Review, Elsevier, vol. 39(5), pages 859-887, May.
  11. 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.
  12. Fagerberg, Jan & Verspagen, Bart, 2002. "Technology-gaps, innovation-diffusion and transformation: an evolutionary interpretation," Open Access publications from Maastricht University urn:nbn:nl:ui:27-17999, Maastricht University.
  13. Fagerberg, Jan, 1987. "A technology gap approach to why growth rates differ," Research Policy, Elsevier, vol. 16(2-4), pages 87-99, August.
  14. Xu, Bin, 2000. "Multinational enterprises, technology diffusion, and host country productivity growth," Journal of Development Economics, Elsevier, vol. 62(2), pages 477-493, August.
  15. 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.
  16. Andreas Savvides & Marios Zachariadis, 2005. "International Technology Diffusion and the Growth of TFP in the Manufacturing Sector of Developing Economies," Review of Development Economics, Wiley Blackwell, vol. 9(4), pages 482-501, November.
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Cited by:
  1. Singh, Lakhwinder, 2006. "Innovations, High-Tech Trade and Industrial Development: Theory, Evidence and Policy," Working Papers RP2006/27, World Institute for Development Economic Research (UNU-WIDER).
  2. Singh, Lakhwinder & Singh, Baldev, 2009. "National Innovation System in the Era of Liberalization: Implications for Science and Technology Policy for Developing Economies," MPRA Paper 15432, University Library of Munich, Germany.
  3. Cornelius Herstatt & Rajnish Tiwari & Dieter Ernst, 2008. "India's National Innovation System: Key Elements and Corporate Perspectives," Economics Study Area Working Papers 96, East-West Center, Economics Study Area.

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  1. Socio-Economics of Innovation

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