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Globalisation and innovation systems: policy issues

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Smith, KH (2010) Globalisation and innovation systems: policy issues. In: The Theory and Practice of Innovation Policy. Prime Series on Research and Innovation Policy in Europe . Edward Elgar, Cheltenham, UK, pp. 75-91. ISBN 9781845428488

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Abstract

Globalisation is an ill-defined and haphazardly used term that usually refers - with
many differences of nuance and emphasis - to three related phenomena of the
world economy at the present time. The first is the spread of neo-liberal economic
doctrines and (to a lesser extent) practices. The second is increasing interdependence
between economies in terms of demand patterns, productivity norms, production
chains and innovation. The third is the spread of, or increased importance of, global
economic institutions such as the International Monetary Fund (IMF), the World
Trade Organization and specific agreements such as TRIPS or GATS. Closely
related to this institutional element is the spread of large-scale regional economic
integration, of which by far the most important example is the European Union
(EU). However, the North American Free Trade Area (NAFTA), the Asia-Pacific
Economic Cooperation (APEC) forum and Mercosur (South American regional
trade agreement) are all significant.

Item Type: Book Section
Publisher: Edward Elgar
Page Range: pp. 75-91
Date Deposited: 06 Mar 2011 23:15
Last Modified: 18 Nov 2014 04:16
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