Innovation Systems in the Global Economy
Full course description
Innovation does not occur in isolation, but instead is a process in which multiple actors (firms, consumers, universities, public research institutes, etc.) work together with the aim of developing, using and diffusing knowledge. Such process is by no means linear, and takes place within a certain economic, social, technological and political environment. The specific way in which interactions between actors in the innovation process take place is often analysed using the concept of “systems of innovation”. Such systems have geographic dimensions (regional, national), as well as sectoral dimensions (sectoral systems of innovation). This course looks at these various notions of innovation systems, using an applied perspective (i.e., analysing cases of specific innovation systems in the developed and developing world). Special emphasis is put on the role of public institutions such as universities and public research institutes in the emergence and functioning of innovation systems. The System of Innovation (SI) framework can be used as a “focusing devise” to analyse the underlying complexity behind the innovation process for policy purposes. In that sense, it is a useful concept to approach policy problems from a comprehensive perspective. This course is based on a systemic view of the economic process, where productivity is not only the result from accumulation of production factors. This course looks at the role of institutions, organizations and the connection between them to open the scope for policy action. The SI literature is a guide for policy makers around the world to design, monitor and evaluate policy interventions aimed to enhance productivity and sustainable growth. Wherever a tailor-made strategy is needed, the SI framework can provide the initial steps to understand the bottlenecks to be tackled trough policy initiatives.
- Understand the concept of innovation and systems of innovation (SI)
- Understand the rationale behind innovation policy
- Understand the nature of the innovation process in the firm
- Use a broad range of quantitative indicators to measure the SI’s performance and understand their limitations
- Use the SI framework as a tool for policy analysis
- Be familiar with emerging trends in the application of the SI approach
- Understand the on-going debate regarding the challenges and limitations of the SI framework.