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Innovation is a systemic phenomenon in which institutions, such as firms, government entities and public policy incentives, interact in complex ways. Targeting specific sectors of an economy in order to improve the competitiveness and capabilities of domestic firms, interventionist innovation policies can result in the structural transformation of host economies. Numerous examples exist of such policies working successfully in emerging economies and they can be applied to any economic sector, although they are commonly associated with highly innovative industries such ICT, biotechnology and nanotechnology. Innovation Systems, Policy and Management describes how institutions and markets can best be structured in order to promote innovation in key economic sectors. Bringing together some of the leading figures in industrial policy and the economics of innovation and entrepreneurship, this book encourages the reader to think in terms of systems and business dynamics when analysing innovation behaviour, providing an approach useful to policy makers, business leaders and scholars of evolutionary economics.
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