Innovation is crucial in long-term economic growth, even more so in the aftermath of the financial and economic crisis. Making innovation-driven growth happen requires action in a wide range of policy areas, from education and science and technology, to product and labor markets and trade. The OECD and the World Bank are joining forces to work more closely on innovation, particularly insofar as this issue is a crucial factor in the success of development policy, notably in middle-income economies.
In this volume, Innovation and Growth: Chasing a Moving Frontier, edited by Vandana Chandra, Deniz Erocal, Pier Carlo Padoan, and Carlos A. Primo Braga, the two organizations jointly take stock of how globalization is posing new challenges for innovation and growth in both developed and developing countries, and how countries are coping with them. The authors discuss options for policy initiatives that can foster technological innovation in the pursuit of a faster and sustainable growth.
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