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Innovation Systems and the Competitive Progress in Developing Economies

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  • Metcalfe, Stan
  • Ramlogan, Ronnie

Abstract

There is a very real sense that in the aftermath of the limited success of the development paradigm (recipe) of the Washington consensus based on the pillars of liberalization, privatization and deregulation, new and challenging thinking and analysis need to be brought to bear on the problems faced by developing countries. While sound macro policies and low inflation are undoubtedly important precursors to self sustainable growth, they are not in themselves sufficient to deliver development. We argue that if development is a matter of self transformation arising from within an economy, then innovation must play a central role in the process and so to must the capacity for an economy to develop, integrate and adapt to novelty. This is at the core of the concept of self sustaining development and indeed why development is an emergent phenomenon. Thus the key questions for policy makers are: How can a transformation of innovation performance be achieved in a competitive international economy? What are the appropriate policy instruments? What role is there for universities? What stimuli can be given to entrepreneurial action? We explore these in terms of a critical evaluation of the idea of innovation systems and of the nature of innovation policy appropriate to innovation based development.
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  • Metcalfe, Stan & Ramlogan, Ronnie, 2005. "Innovation Systems and the Competitive Progress in Developing Economies," Centre on Regulation and Competition (CRC) Working papers 30672, University of Manchester, Institute for Development Policy and Management (IDPM).
  • Handle: RePEc:ags:idpmcr:30672
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    References listed on IDEAS

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    Cited by:

    1. João Prates Romero, 2016. "Increasing Returns To Scale, Technological Catch-Up And Research Intensity: An Industry-Level Investigation Combining Eu Klems Productivity Data With Patent Data," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 102, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Watkins, Andrew & Papaioannou, Theo & Mugwagwa, Julius & Kale, Dinar, 2015. "National innovation systems and the intermediary role of industry associations in building institutional capacities for innovation in developing countries: A critical review of the literature," Research Policy, Elsevier, vol. 44(8), pages 1407-1418.
    3. Helen Lawton Smith & Sharmistha Bagchi-Sen & Laurel Edmunds, 2016. "Science, Innovation and Technology Transfer Pathways in Translational Research: A Study of Divergent Trajectories in the Healthcare Sector in Europe," Working Papers 35, Birkbeck Centre for Innovation Management Research, revised Aug 2016.
    4. Coenen, Lars & Benneworth, Paul & Truffer, Bernhard, 2012. "Toward a spatial perspective on sustainability transitions," Research Policy, Elsevier, vol. 41(6), pages 968-979.
    5. Frank, Alejandro Germán & Cortimiglia, Marcelo Nogueira & Ribeiro, José Luis Duarte & Oliveira, Lindomar Subtil de, 2016. "The effect of innovation activities on innovation outputs in the Brazilian industry: Market-orientation vs. technology-acquisition strategies," Research Policy, Elsevier, vol. 45(3), pages 577-592.
    6. Filipiak, Ute, 2016. "Trusting financial institutions: Out of reach, out of trust?," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 200-214.
    7. Kebede, Kassahun Y. & Mitsufuji, Toshio, 2017. "Technological innovation system building for diffusion of renewable energy technology: A case of solar PV systems in Ethiopia," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 242-253.
    8. repec:pkk:meb017:42-54 is not listed on IDEAS
    9. Crespo, Nuno Fernandes & Crespo, Cátia Fernandes, 2016. "Global innovation index: Moving beyond the absolute value of ranking with a fuzzy-set analysis," Journal of Business Research, Elsevier, vol. 69(11), pages 5265-5271.
    10. Engel, Nora, 2008. "Drivers and Barriers of Innovation Dynamics in Healthcare - Towards a framework for analyzing innovation in Tuberculosis control in India," MERIT Working Papers 077, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    11. Autio, Erkko & Kenney, Martin & Mustar, Philippe & Siegel, Don & Wright, Mike, 2014. "Entrepreneurial innovation: The importance of context," Research Policy, Elsevier, vol. 43(7), pages 1097-1108.
    12. repec:eee:tefoso:v:127:y:2018:i:c:p:57-69 is not listed on IDEAS
    13. repec:bla:growch:v:47:y:2016:i:4:p:535-555 is not listed on IDEAS
    14. Nathalie Lazaric & Valerie Merindol & Sylvie Rochhia, 2011. "Changes in the French Defence Innovation System: New Roles and Capabilities for the Government Agency for Defence," Industry and Innovation, Taylor & Francis Journals, vol. 18(5), pages 509-530.
    15. Chataway, Joanna & Hanlin, Rebecca & Mugwagwa, Julius & Muraguri, Lois, 2010. "Global health social technologies: Reflections on evolving theories and landscapes," Research Policy, Elsevier, vol. 39(10), pages 1277-1288, December.
    16. Ponomariov, Branco & Toivanen, Hannes, 2014. "Knowledge flows and bases in emerging economy innovation systems: Brazilian research 2005–2009," Research Policy, Elsevier, vol. 43(3), pages 588-596.
    17. Dodgson, Mark & Hughes, Alan & Foster, John & Metcalfe, Stan, 2011. "Systems thinking, market failure, and the development of innovation policy: The case of Australia," Research Policy, Elsevier, vol. 40(9), pages 1145-1156.
    18. Bleda, Mercedes & del Río, Pablo, 2013. "The market failure and the systemic failure rationales in technological innovation systems," Research Policy, Elsevier, vol. 42(5), pages 1039-1052.
    19. Valeria Costantini & Francesco Crespi & Alessandro Palma, 2015. "Characterizing the policy mix and its impact on eco-innovation in energy-efficient technologies," SEEDS Working Papers 1115, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Jun 2015.
    20. Natalie Holden, 2015. "An exploration of interactive contextual and dispositional factors which influence a collective process of entrepreneurial activity: a novel case at Bristol Zoo," Working Papers 27, Birkbeck Centre for Innovation Management Research, revised Nov 2015.
    21. Hansen, Teis & Coenen, Lars, 2015. "Unpacking investment decisions in biorefineries," Papers in Innovation Studies 2015/34, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    22. Lenihan, Helena, 2011. "Enterprise policy evaluation: Is there a 'new' way of doing it?," Evaluation and Program Planning, Elsevier, vol. 34(4), pages 323-332, November.

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