Innovation Capabilities and Economic Development in Open Economies (Innovation, Entrepreneurship, Management: Smart Innovation Set)

The innovation capacity-building can contribute to improve the integration of developing countries in the world economy. The economic development has been a much discussed subject of the period after the Second World War until the 1990s. After the implementation of a global regulation system for trade and capital flows in the 1990s, the development economics has almost disappeared in favor of different theories on globalization, on finance and on international trade. The purpose of this book is to show that the innovation capacity building in developing countries is necessary to improve their weight in the world economy and to facilitate their economic ties with northern countries. However, there are important difficulties due to the lack of proactive economic policies. Our aim is to contribute to the revival of the development economics. The issue of improving the well-being of the world population as a whole is highly topical. However, studies neglect the need to give economic, financial, technological and political resources to developing countries to promote their own development. One of the most important means is to strengthen their innovation capabilities that allow them to better integrate into the world economy. Content: Preface vii Introduction ix Chapter 1. Theories and Policies of Economic Development 1 1.1. The era of economic interventionism 3 1.1.1. Impasses of economic take-off theories 4 1.1.2. The crisis of the interventionist State 9 1.2. The era of liberalism 11 1.2.1. Structural adjustment programs 12 1.2.2. Failure of the minimum State 17 1.3. The era of good governance 21 1.3.1. Institutions, good governance and development 22 1.3.2. Development in global governance 26 1.4. The system of global governance under scrutiny 30 1.4.1. Global governance as a substitute for economic voluntarism 31 1.4.2. Toward an alternative model of economic growth? 38 Chapter 2. Innovative Capacities and Systems of the South in Globalization 47 2.1. Innovation for economic development 48 2.1.1. Understanding globalization through technology transfer 50 2.1.2. Innovation for development 55 2.2. Innovation systems and integration into the world economy 60 2.2.1. Innovation capacity and learning process 61 2.2.2. About national innovation systems 64 2.2.3. Measuring the performance of innovation systems in developing countries 70 2.2.4. Location strategies of multinational firms and the role of NIS 76 2.3. The difficulties of implementing innovation policies in developing countries 80 2.3.1. Asymmetries and endemic blockages 81 2.3.2. The North/South and South/South technology gap 86 2.3.3. The structural problems of innovation policies 97 Conclusion 105 Bibliography 111 Index 125 "Apart from poverty and conflict, the consequences of technological advances, of the globalization of socio-technical transitions, and of the uniformity of the world economy, are questions to which the economic analysis of development must find answers. With scientific and technical knowledge being inexhaustible resources, it is necessary to transform this knowledge into useful goods and services. This book describes shortcomings in world governance which is far from the view of a harmonized, diversified and accelerated development. It shows the necessity of reinforcing the innovation capacities of developing countries in order to improve their competitiveness in the face of the demands of globalization"--Provided by publisher