The world today faces significant economic, environmental and social challenges. While no single policy instrument holds all the answers, innovation is the key ingredient of any effort to improve people’s quality of life. Today’s recovery from the global financial and economic crisis remains fragile. As countries seek to improve productivity performance and ensure sustained growth, they will need to boost their capacity to innovate. Innovation is also essential for addressing some of society’s most pressing issues, such as climate change, health and poverty.
But how can governments encourage more people to innovation more of the time? And how can government itself be more innovative?
The full report unfortunately has to be bought through the OECD online bookshop, but some excerpts are available as below:
The broad concept of innovation embraced by the OECD Innovation Strategy emphasises the need for a better match between supply-side inputs and the demand side, including the role of markets. Moreover, policy actions need to reflect the changing nature of innovation. This implies an emphasis on the following areas:
- A more strategic focus on the role of policies for innovation in delivering stronger, cleaner and fairer growth.
- Broadening policies to foster innovation beyond science and technology in recognition of the fact that innovation involves a wide range of investments in intangible assets and of actors.
- Education and training policies adapted to the needs of society today to empower people throughout society to be creative, engage in innovation and benefit from its outcomes.
- Greater policy attention to the creation and growth of new firms and their role in creating breakthrough innovations and new jobs.
- Sufficient attention for the fundamental role of scientific research in enabling radical innovation and providing the foundation for future innovation.
- Improved mechanisms to foster the diffusion and application of knowledge through well-functioning networks and markets.
- Attention for the role of government in creating new platforms for innovation, e.g. through the development of high-speed broadband networks.
- New approaches and governance mechanisms for international co-operation in science and technology to help address global challenges and share costs and risks.
- Frameworks for measuring the broader, more networked concept of innovation and its impacts to guide policy making.
The OECD stands ready to help governments and international instances to use the Innovation Strategy in designing their approaches to finding national and global solutions. Implementing the Innovation Strategy will be an ongoing and evolving process, which will benefit from monitoring, peer review and the exchange of experience and good policy practices.
The publications presents the OECD Innovation Strategy, the culmination of a three-year, multidisciplinary and multistakeholder effort. It provides analysis and policy guidance on a broad range of issues from education and training policies, to policies that provide a conducive business environment and infrastructure for innovation, to policies that foster the creation and diffusion of knowledge. It can support government efforts to develop effective innovation strategies and to achieve key economic and social objectives. It advocates an approach which takes into account the interplay of different policy domains and brings them together through supportive mechanisms for governance at the local, regional, national and international levels.