“Innovation systems and policy for development in a changing world”

Perez, Carlota (2013) “Innovation systems and policy for development in a changing world”, in E, S, Andersen, J. Fagerberg and B. Martin (eds.) Innovation Studies: Evolution and Future Challenges, Oxford: Oxford University Press, pp. 90-110

Download: PEREZ evolving innov policy 2013.pdf (327kb)


Whether innovation systems and policies are just for the rich or not was the question originally posed to me by the editors of this book. Its implication is clear: the general thrust of innovation has until recently been seen as mainly serving the interests of the rich countries. Could innovation systems and policy favour advance in the poor countries? Is there a particular reason to ask that question now? Probably yes. Would the answer be the same today as it was in the 1960s and ’70s? Certainly not! 

Could it be that this issue is not inherent to innovation or innovation systems themselves (or to capitalism), but that it changes with the stages of diffusion of technological revolutions and the nature of their paradigms? This is what I will suggest, arguing that such a dynamic understanding would have consequences for innovation studies, for evolutionary economics and for innovation policy.

Table of Contents:

4.1. Looking at the question 
The role of history in the interdisciplinary mix 
Changing answers to the same question 
Changing context; redefining problems 
4.2. The paradigm shift and its effects on the conditions of innovation for and by the poor (and the weak) 
ICT, innovation and market access by small firms in any country 
Flexible production and global networks 
Natural resources: curse or opportunity?
The environmental challenges as a guide to innovation 
4.3. The big moving picture 
4.4. Does (or should) evolutionary economics also evolve? 
The balance between permanent and changing truths 
The challenges of the present moment in history 
The need for interdisciplinarity and inter‐institutional collaboration 
Institutional and policy innovation as central objects of study 
Analysing and also anticipating context changes: a truly evolutionary science 
4.5. In conclusion


Published 2002

'...the book fills an important gap in the literature on business cycles and innovations. I most strongly commend it to all those attempting to understand the past and future evolution of technology and the economy.'

Christopher Freeman, Emeritus Professor, SPRU,
University of Sussex, UK

'...Carlota Perez shows us that historically technological revolutions arrive with remarkable regularity, and that economies react to them in predictable phases. Her argument provides much needed perspective not just on history, but on our own times. And especially on our own information revolution.'

W. Brian Arthur, Santa Fe Institute, New Mexico

‘For contents page, selected extracts and further details, click here’.

Technological Revolutions Financial bubbles Installation Period Frenzy Deployment Period Golden Ages Dual strategy Techno‑economic paradigms Neo‑Schumpeterian Respecialization Synergy Turning Point Future markets Knowledge society Green growth Maturity Full global development Globalization Sustainability Socio‑economic development Paradigm shifts Irruption Market hyper‑segmentation