Fostering Innovation for Productivity and Competitiveness
This note provides a medium-term agenda for supporting Mexico's competitiveness by fostering greater innovation. Globalization and the dynamism of economies that compete with Mexico, particularly those in East Asia, bring a renewed urgency to...
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| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/04/17570607/fostering-innovation-productivity-competitiveness http://hdl.handle.net/10986/16580 |
| Summary: | This note provides a medium-term agenda
for supporting Mexico's competitiveness by fostering
greater innovation. Globalization and the dynamism of
economies that compete with Mexico, particularly those in
East Asia, bring a renewed urgency to Mexico's
innovation policy agenda. While the firm is at the center of
innovation, empirical evidence shows that public policy can
generate an external environment more conducive to
innovation. The past decade has brought several policy
changes and new programs, but further changes will help the
country catch up with more innovative economies and move up
the value chain. Given the multi sectoral nature of
innovation and multiplicity of programs, better coordination
in policymaking, stronger mechanisms to define budgetary
priorities for innovation, and greater coherence and
synergies among public policy interventions are necessary. A
comprehensive innovation strategy as used in highly
innovative economies such as Finland can help guide such efforts. |
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