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The role of innovation in development

Fagerberg, Jan LU ; Srholec, Martin LU and Verspagen, Bart (2018) 1. p.64-92
Abstract

Innovation is often seen as carried out by highly educated labour in R&D intensive companies with strong ties to leading centers of excellence in the scientific world. Seen from this angle innovation is a typical "first world" activity. There however, another way to look at innovation that goes significantly beyond this high-tech picture. In this, broader perspective, innovation-the attempt to try out new or improved products, processes or ways to do things-is an aspect of most if not all economic activity. In this sense, innonvation may be as relevant in the developing part of the world as elsewhere. Section two discusser the existing theoretical and empirical literature on the subject. An important conclusion is that to be able to... (More)

Innovation is often seen as carried out by highly educated labour in R&D intensive companies with strong ties to leading centers of excellence in the scientific world. Seen from this angle innovation is a typical "first world" activity. There however, another way to look at innovation that goes significantly beyond this high-tech picture. In this, broader perspective, innovation-the attempt to try out new or improved products, processes or ways to do things-is an aspect of most if not all economic activity. In this sense, innonvation may be as relevant in the developing part of the world as elsewhere. Section two discusser the existing theoretical and empirical literature on the subject. An important conclusion is that to be able to exploit technology to their own advantage, developing countries need to develope the necessary capabilities for doing so. The third section of the paper, therefore, discusses ways to indentify and measure capabilities at the national level, while section four focuses on recent attempts to survey innovation activity in firms. The final section summarizes the main lessons.

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Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Capability, Developing countries, Development, Innovation
host publication
Innovation, Economic Development and Policy: Selected Essays
volume
1
edition
2
pages
29 pages
publisher
Edward Elgar Publishing
external identifiers
  • scopus:85075411226
ISBN
9781788110266
9781788110259
DOI
10.4337/9781788110266.00009
language
English
LU publication?
yes
id
bba9f4ce-09c7-4709-9f9f-b2bab3f02fa2
date added to LUP
2019-12-12 11:16:55
date last changed
2020-01-13 02:36:06
@inbook{bba9f4ce-09c7-4709-9f9f-b2bab3f02fa2,
  abstract     = {<p>Innovation is often seen as carried out by highly educated labour in R&amp;D intensive companies with strong ties to leading centers of excellence in the scientific world. Seen from this angle innovation is a typical "first world" activity. There however, another way to look at innovation that goes significantly beyond this high-tech picture. In this, broader perspective, innovation-the attempt to try out new or improved products, processes or ways to do things-is an aspect of most if not all economic activity. In this sense, innonvation may be as relevant in the developing part of the world as elsewhere. Section two discusser the existing theoretical and empirical literature on the subject. An important conclusion is that to be able to exploit technology to their own advantage, developing countries need to develope the necessary capabilities for doing so. The third section of the paper, therefore, discusses ways to indentify and measure capabilities at the national level, while section four focuses on recent attempts to survey innovation activity in firms. The final section summarizes the main lessons.</p>},
  author       = {Fagerberg, Jan and Srholec, Martin and Verspagen, Bart},
  booktitle    = {Innovation, Economic Development and Policy: Selected Essays},
  isbn         = {9781788110266},
  language     = {eng},
  pages        = {64--92},
  publisher    = {Edward Elgar Publishing},
  title        = {The role of innovation in development},
  url          = {http://dx.doi.org/10.4337/9781788110266.00009},
  doi          = {10.4337/9781788110266.00009},
  volume       = {1},
  year         = {2018},
}