Towards an efficient innovation policy in Latin America

Perry, Guillermo
Maloney, William F.

2014-01-02T18:44:06Z

LC/G.2287-P

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Includes bibliography

Innovation has emerged as a central theme on the growth agenda of Latin America. This paper examines four issues. First, how can we know if Latin America really has an innovation problem that is behind its weak total factor productivity performance? Second, what do we mean by innovation and what are dimensions of it in which the region exhibits weaknesses? Third, what does recent experience and literature suggest for principles and broad policy measures to foment innovation? Fourth, are there any linkages between these weaknesses and equity? Since even in the Organisation for Economic Cooperation and Development (OECD); there is little consensus on the specific policies that governments should implement, and even less on their suitability to developing countries, this paper attempts to organize thinking around some basic principles and offer suggestive experience rather than specific policy advice.

UNIVERSITIES AND COLLEGES; CRECIMIENTO ECONOMICO; EMPRESAS INDUSTRIALES; INNOVACIONES TECNOLOGICAS; INSTITUCIONES DE CAPACITACION E INVESTIGACION; INVESTIGACION Y DESARROLLO; POLITICA DE CIENCIA Y TECNOLOGIA; PRODUCTIVIDAD; UNIVERSIDADES; ECONOMIC GROWTH; INDUSTRIAL ENTERPRISES; PRODUCTIVITY; RESEARCH AND DEVELOPMENT; SCIENCE AND TECHNOLOGY POLICY; TECHNOLOGICAL INNOVATIONS; TRAINING AND RESEARCH INSTITUTIONS;