期刊
INDUSTRY AND INNOVATION
卷 23, 期 2, 页码 140-156出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/13662716.2016.1146124
关键词
Innovation policy; mission-oriented policy; market failures; system failures; directionality; smart growth; inclusive growth
资金
- European Community [649186]
Many countries are pursuing innovation-led smart growth, which requires long-run strategic investments and public policies that aim to create and shape markets, rather than just fixing markets or systems. Market creation has characterized the kind of mission-oriented investments that led to putting a man on the moon and are currently galvanizing green innovation. Mission-oriented innovation has required public agencies to not only de-risk the private sector, but also to lead the direct creation of new technological opportunities and market landscapes. This paper considers four key issues that arise from a market-creating framework for policy: (1) decision-making on the direction of change; (2) the nature of (public and private) organizations that can welcome the underlying uncertainty and discovery process; (3) the evaluation of mission-oriented and market-creation policies; and (4) the ways in which both risks and rewards can be shared so that smart growth can also result in inclusive growth.
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