Learning from Global Pacesetters to Build the Country Innovation Ecosystem

Countries with advanced innovation systems are consolidating and optimizing their National Innovation Ecosystem (NIE) frameworks. In contrast, emerging economies are formulating their own NIE frameworks in order to capitalize and build on the nation’s advantages to create self-sustaining innovation...

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Bibliographic Details
Published inJournal of the knowledge economy Vol. 8; no. 1; pp. 177 - 196
Main Author Khorsheed, Mohammad S.
Format Journal Article
LanguageEnglish
Published New York Springer US 01.03.2017
Springer Nature B.V
Subjects
Economic growth
Economic Policy
Economics
Economics and Finance
Emerging markets
Entrepreneurship
Innovations
R & D/Technology Policy
Studies
South Korea
Singapore
Finland
Innovation
Knowledge-based economy
Economic development
Entrepreneurship
Competitiveness
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Summary:Countries with advanced innovation systems are consolidating and optimizing their National Innovation Ecosystem (NIE) frameworks. In contrast, emerging economies are formulating their own NIE frameworks in order to capitalize and build on the nation’s advantages to create self-sustaining innovation capabilities to compete internationally. The challenge is not to copy the best performers but to define their own original innovation policy, taking into account specific strengths, weaknesses, priorities, and cultural and institutional traditions. This paper presents detailed study cases for the following three countries with high level of innovation: Finland, South Korea, and Singapore. It summarizes each country’s experiences and key findings. The paper concludes with a set of pillars to be taken into consideration when designing NIE or revising an existing one to encompass the realm of activities needed for a country to reach its goals.
ISSN:1868-7865
1868-7873
DOI:10.1007/s13132-016-0362-z