#2013-005 Innovation systems framework: still useful in the new global context?
Innovation systems framework: still useful in the new global context?
The innovation systems approach has proven useful in explaining the
reasons behind varying economic performance in developing countries. The
systemic understanding of the innovation process, which pays attention
to the knowledge flow among interactive actors, serves as a useful
'focusing device' for elaborating effective policy to accelerate the
innovation process and to contribute to economic development. The
existing use of the innovation system may need to change substantially
to address present-day societal challenges. The emerging types of
innovation-such as user innovation, public sector innovation, social
innovation and innovation for inclusive development-have different
features from those of existing types. This paper examines the features
of emerging types of innovation to assess whether and how the current
innovation system can be remodelled to explain emerging social agendas,
with particular focus on developing countries.
Keywords: innovation system, user innovation, public sector innovation, social innovation, innovation for inclusive development, developing countries
JEL Classification: O20, O21