This article focuses on the broader lessons from mission-oriented programs for innovation
policy—and indeed policies aimed at investment-led growth. While much has been written …

The Great Recession renewed calls for a return of state activism in support of the European
economy. The widespread nationalizations of ailing companies and the growing activism of …

Many countries are pursuing innovation-led “smart” growth, which requires long-run
strategic investments and public policies that aim to create and shape markets, rather than …

Economic theory justifies policy when there are concrete market failures. The article shows
how in the case of innovation, successful policies that have led to radical innovations have …

Governments are increasingly seeking economic growth that is smart (innovation-led),
inclusive and sustainable. They are trying to achieve this in a context of major social and …

In conventional economics, value creation occurs in the private sector with the state limited
to correcting for “market failures”. Public management scholars have developed the term …

Why are some countries better than others at science and technology (S&T)? Written in an
approachable style, The Politics of Innovation provides readers from all backgrounds and …

Transformative innovation policy has recently emerged at the intersection of innovation and
socio-technical transition research. It has provided valuable heuristics to guide policy; but it …

Abstract Development studies on the middle-income trap have highlighted the challenges
for developing economies to transform their productive systems from simple towards high …

Within Europe's regulatory state, industrial policy has largely remained within national
governments' remit. Yet, a plethora of new supra-and cross-national industrial policy …