Innovation Systems, Policy and Management

'This book brings together contributions from world leading evolutionary economists who take stock of current research on innovation and innovation policy. It gives useful insights for decision makers at the regional, sectoral and national level in developed as well as developing economies. It introduces general principles for how to organize innovation policy in a context of complex innovation systems at different levels of development. But it also illustrates that context and localized institutions matter. One important contribution is the distinction between policies that promote innovation along existing technological trajectories and policies that create new trajectories and transform innovation systems. This is especially important in a global context where there is little hope for balanced, equitable and sustainable world development from just speeding up innovation along well-known paths.' Bengt-Åke Lundvall, Aalborg University, Denmark
'This is a very interesting collection of essays on technological change, its impact on the economy, and issues of public policy and private management.' Richard Nelson, Columbia University, New York