Unleashing Society’s Innovative Capacity : An Integrated Policy Framework Hardback

by Pontus Braunerhjelm, Magnus Henrekson

Part of the International Studies in Entrepreneurship series

Hardback

Out of stock

Description

This is an open access book. Europe faces significant challenges in the coming decades: geopolitical, demographic, technological, increased competition, climate-related, and health issues due to an aging population, to mention a few.

Given these challenges, technological progress and new ways of handling complex issues will be key to continued prosperity and growth.

To accomplish a growth process driven by innovation and entrepreneurship, the institutional environment must take into account a multitude of different policy areas that interact to either strengthen or weaken an economy's innovative potential.

Innovation is not only about R&D and higher education but is also intimately related to entrepreneurship.

Similarly, entrepreneurship is not only about low start-up costs and favorable tax rates.

Hence, a consistent and coordinated policy environment conducive to innovation and entrepreneurship is required to translate innovation into high-growth firms and macro-level growth. This book presents the basic cornerstones required to provide a policy regime that can nurture such dynamics.

The authors draw extensively on empirical analysis of the development of the Swedish economy, which has been transformed from a so-called "sclerosis" state in the 1980s until the early 1990s to an economy characterized by successful entrepreneurship and innovation.

This transformation resulted from a reform agenda that has been gradually rolled out, beginning in the mid-1980s.

The authors argue that the Swedish experience provides useful lessons for other nations as well.