From Efficiency-driven to Innovation-driven Economic Growth

From Efficiency-driven to Innovation-driven Economic Growth
Author: Kim-Song Tan
Publisher: World Bank Publications
Total Pages: 45
Release: 2005
Genre: Creative ability in business
ISBN:

Looks at the rationale behind the re-orientation of the innovation policy in the past few years and describes the various measures that have been implemented in the past few years to facilitate the transition to an innovative economy.

From Efficiency-Driven to Innovation-Driven Economic Growth

From Efficiency-Driven to Innovation-Driven Economic Growth
Author: Kim-Song Tan
Publisher:
Total Pages:
Release: 2012
Genre:
ISBN:

This paper looks at Singapore's efforts to transform the economic growth base from one that is predominantly efficiency-driven to one that is more innovation-driven. To accelerate the transition process, the government is aggressively investing in "innovation infrastructure"-systems and institutions that make the city a more conducive environment for innovations. The modus operandi, with a distinctive "winner-picking" flavor, mirrors that of its earlier strategic industrial policy in building up the manufacturing sector. It is also in sync with the new urban growth literature which argues that the success of any innovation-driven growth strategy depends on a city's ability to attract a large community of creative individuals in different fields. Innovation infrastructure building requires more than putting in the right systems. It also requires a mindset change at various levels of society. This paper looks at how the government's policy philosophy and practices have evolved over time, and discusses the effectiveness of the government-led, strategic supply-push approach in propelling Singapore onto an innovation-driven growth path. It takes into consideration the city-state's underlying comparative advantages (or disadvantages) and asks how Singapore's existing strength in efficiency infrastructure may give it a first mover advantage in attracting creative talent, how its success may be affected by the small size of the economy, and the various political and social constraints that a small sovereign city-state faces. These issues are explored against the backdrop of the keen competition among the major cities in the region to become an innovation hub.

Data-Driven Innovation Big Data for Growth and Well-Being

Data-Driven Innovation Big Data for Growth and Well-Being
Author: OECD
Publisher: OECD Publishing
Total Pages: 456
Release: 2015-10-06
Genre:
ISBN: 9264229353

This report improves the evidence base on the role of Data Driven Innovation for promoting growth and well-being, and provide policy guidance on how to maximise the benefits of DDI and mitigate the associated economic and societal risks.

Payment System Technologies and Functions

Payment System Technologies and Functions
Author: Masashi Nakajima
Publisher: Engineering Science Reference
Total Pages: 0
Release: 2011
Genre: Business & Economics
ISBN: 9781615206452

"This book analyzes the evolutionary trends, functions and mechanisms of payment systems and presents an in-depth explanation of how these trends led to the reduction of settlement risk and the importance of such mechanisms that have contributed to the evolutionary progress of payment systems"--Résumé de l'éditeur.

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence
Author: Ajay Agrawal
Publisher: University of Chicago Press
Total Pages: 172
Release: 2024-03-05
Genre: Business & Economics
ISBN: 0226833127

A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Public Policy in an Entrepreneurial Economy

Public Policy in an Entrepreneurial Economy
Author: Zoltan J. Acs
Publisher: Springer Science & Business Media
Total Pages: 305
Release: 2008-07-03
Genre: Business & Economics
ISBN: 0387726632

This unique volume presents policy recommendations designed to promote entrepreneurship. It considers timely issues like impact of securities regulation, educational policy and intellectual property protection on entrepreneurship. In the process, the book addresses policies operating at the individual, national, regional, and international levels, and offers a unique perspective on several institutional structures that enhance entrepreneurship and economic growth.

Entrepreneurship and Economic Development

Entrepreneurship and Economic Development
Author: Wim Naudé
Publisher: Springer
Total Pages: 384
Release: 2010-12-08
Genre: Business & Economics
ISBN: 0230295150

Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.

Entrepreneurship

Entrepreneurship
Author: Stephen Roper
Publisher: Routledge
Total Pages: 169
Release: 2012
Genre: Business & Economics
ISBN: 0415695538

This concise new textbook provides an introduction to topics in entrepreneurship in a global context; focusing on how enterprise works across the world. Important topics such as financing, innovation and social enterprise are discussed in detail and brought to life by a raft of pedagogical features. Entrepreneurship: A Global Perspective is suitable for both final year undergraduate and postgraduate courses in enterprise.

Mission-Oriented Finance for Innovation

Mission-Oriented Finance for Innovation
Author: Mariana Mazzucato
Publisher: Rowman & Littlefield
Total Pages: 175
Release: 2015-03-06
Genre: Political Science
ISBN: 1783484969

The role of the state in modern capitalism has gone beyond fixing market failures. Those regions and countries that have succeeded in achieving “smart” innovation-led growth have benefited from long-term visionary “mission-oriented” policies—from putting a man on the moon to tackling societal challenges such as climate change and the wellbeing of an ageing population. This book collects the experience of different types of mission-oriented public institutions around the world, together with thought-provoking chapters from leading economists. As the global debate on deficits and debt levels continues to roar, the book offers a challenge to the conventional narrative—asking what kinds of visionary fiscal policies we need to help promote "smart” innovation-led, inclusive, and sustainable growth.