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Innovation In Local Economies
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Book Synopsis Local and Regional Systems of Innovation by : John de la Mothe
Download or read book Local and Regional Systems of Innovation written by John de la Mothe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an era of intense globalization, the critical role of the region as a center for economic development has sometimes been overlooked. Moreover, innovation is increasingly being recognized as being a critical driver of economic growth and development. However, innovation is no longer being seen as a function of research and development; nor is R&D being seen as being sufficient for the creation of technology-intensive industries and the valuable economic spillovers that result in high value-added jobs and exports. Indeed, much more than ever before, it is the combination of factors that contributes to innovation - ranging over skills, finance, production, user-producer linkages, the capacity of organizations to learn, and multilayered government policies - that make local regions the favorites of fortune. Using an evolutionary economic perspective, and drawing on a range of disciplines and accomplished scholars, Local and Regional Systems of Innovation explores important issues at a conceptual, methodological and comparative level concerning how successful locations actually construct their comparative advantage.
Book Synopsis The Local Economy Solution by : Michael Shuman
Download or read book The Local Economy Solution written by Michael Shuman and published by Chelsea Green Publishing. This book was released on 2015-06-09 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reinventing economic development as if small business mattered In cities and towns across the nation, economic development is at a crossroads. A growing body of evidence has proven that its current cornerstone—incentives to attract and retain large, globally mobile businesses—is a dead end. Even those programs that focus on local business, through buy-local initiatives, for example, depend on ongoing support from government or philanthropy. The entire practice of economic development has become ineffective and unaffordable and is in need of a makeover. The Local Economy Solution suggests an alternative approach in which states and cities nurture a new generation of special kinds of businesses that help local businesses grow. These cutting-edge companies, which Shuman calls “pollinator businesses,” are creating jobs and the conditions for future economic growth, and doing so in self-financing ways. Pollinator businesses are especially important to communities that are struggling to lift themselves up in a period of economic austerity, when municipal budgets are being slashed. They also promote locally owned businesses that increase local self-reliance and evince high labor and environmental standards. The book includes nearly two dozen case studies of successful pollinator businesses that are creatively facilitating business and neighborhood improvements, entrepreneurship, local purchasing, local investing, and profitable business partnerships. Examples include Main Street Genome (which provides invaluable data to improve local business performance), Supportland (which is developing a powerful loyalty card for local businesses), and Fledge (a business accelerator that finances itself through royalty payments). It also shows how the right kinds of public policy can encourage the spread of pollinator businesses at virtually no cost.
Book Synopsis Citizen-led Innovation for a New Economy by : John Gaventa
Download or read book Citizen-led Innovation for a New Economy written by John Gaventa and published by . This book was released on 2015 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This collection of case studies provides a window onto citizen organizing for change that, when assembled together, give form and substance to the ideal of a new economy based on fairness and environmental sustainability. Occurring in response to the economically distorting effects of globalization, the environmental degradation brought about by industrial development, and a deep concern about climate change, these are stories of local citizens grappling with complex problems in their local communities, forging innovation, prising open cracks in the system and seizing opportunities to redirect economic life. They are challenging the short term focus in our political leadership by their commitment to take action now for future generations."--
Book Synopsis Innovation Economy by : Scott Kirsner
Download or read book Innovation Economy written by Scott Kirsner and published by . This book was released on 2021-01-29 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: How are innovation and entrepreneurship different in New England than other parts of the world? Who are the key players driving progress forward in technology, life sciences, energy, and robotics? Scott Kirsner has covered research, startups, and venture capital in the New England region for publications like Wired, Fast Company, and the New York Times, and has written a regular column for the Boston Globe since 2000. This collection explores what it takes to start and build businesses -- whether selling fresh-cut New Hampshire Christmas trees online or designing bespoke bacteria on the edge of Boston Harbor. Kirsner includes profiles and columns of inventors Dean Kamen, Tim Berners-Lee, and Ray Kurzweil; stories about the early days of Dropbox, Facebook, and iRobot; and tales of scammers selling computer gear on eBay and scientists racing to develop new COVID vaccines. There are also colorful pieces about why Cambridge has hundreds of biotech companies and neighboring Somerville almost none; how the frat house that inspired "Animal House" became a coworking space; the mysterious Cambridge factory where every Junior Mint in the world is produced; what happened when one startup tried to obtain a license plate for its flying car; and why robots may need to carry candy to bribe humans. This collection is a must-read for anyone interested in the dynamics that drive innovation and entrepreneurship -- not just in New England, but anywhere in the world. ***** Testimonials for Innovation Economy ***** "I''ve been a passionate Scott Kirsner fan for twenty years, because he has an uncanny ability to turn complex business concepts into super-fun stories that I always learn from. Reading this collection is like sitting down to drinks with a dear friend. Some stories I remember, while some are new, and they are all fascinating." -- David Meerman Scott, Wall Street Journal bestselling author of "Fanocracy" "To succeed as an innovator, it is imperative to be informed by both the work of earlier pioneers and current-day peers. Innovation Economy is like a main line IV of those riveting stories. Plus, the book is full of little-known facts, hilarious anecdotes, and the human foibles that make these endeavors relatable." -- Jules Pieri, Co-Founder, The Grommet and author of "How We Make Stuff Now" "For years, Scott has been an avid player in the New England innovation scene. He seemed to be at every conference or gathering, often as an organizer or facilitator. He pumped us all for stories. He got to know us as people. He''d then distill that down into articles for the Boston Globe and others. More than ''reporting,'' these were stories told with reasons behind them, and with humans and the world they lived in shown as he saw it. He showed us companies that succeeded, as well as those that ultimately failed. The tales presented here give insight into an ecosystem that any region in the world would be blessed to have. You come away with a broad feel for an environment that moves technology forward..." -- Dan Bricklin, Co-Creator of VisiCalc, the computing era''s first "killer app" and author of "Bricklin on Technology" "Reading this outstanding collection reminded me about the fundamental technological changes we''ve all lived through in this century, and how important it is to understand them." -- Wade Roush, Host and Producer of the podcast Soonish "''Proximity matters,'' writes Kirsner. Innovation Economy chronicles the evolution of one of the world''s great startup hubs over the past two decades, and shows how Boston''s bold entrepreneurs have been enabled by its universities, hospitals, accelerators, big corporations, and venture capital firms. History matters, too, and Kirsner connects Boston''s present to its past with deep insight and a great flair for storytelling." -- Tom Eisenmann, Professor, Harvard Business School and author, "Why Startups Fail: A New Roadmap for Entrepreneurial Success"
Book Synopsis The Role of Innovation and Entrepreneurship in Economic Growth by : Michael J Andrews
Download or read book The Role of Innovation and Entrepreneurship in Economic Growth written by Michael J Andrews and published by University of Chicago Press. This book was released on 2022-03-17 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly"--
Book Synopsis Innovation Economics, Engineering and Management Handbook 1 by : Dimitri Uzunidis
Download or read book Innovation Economics, Engineering and Management Handbook 1 written by Dimitri Uzunidis and published by John Wiley & Sons. This book was released on 2021-06-08 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation, in economic activity, in managerial concepts and in engineering design, results from creative activities, entrepreneurial strategies and the business climate. Innovation leads to technological, organizational and commercial changes, due to the relationships between enterprises, public institutions and civil society organizations. These innovation networks create new knowledge and contribute to the dissemination of new socio-economic and technological models, through new production and marketing methods. Innovation Economics, Engineering and Management Handbook 1 is the first of the two volumes that comprise this book. The main objectives across both volumes are to study the innovation processes in todays information and knowledge society; to analyze how links between research and business have intensified; and to discuss the methods by which innovation emerges and is managed by firms, not only from a local perspective but also a global one. The studies presented in these two volumes contribute toward an understanding of the systemic nature of innovations and enable reflection on their potential applications, in order to think about the meaning of growth and prosperity.
Book Synopsis Transnational Corporations and Local Innovation by : José Eduardo Cassiolato
Download or read book Transnational Corporations and Local Innovation written by José Eduardo Cassiolato and published by Routledge India. This book was released on 2014 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the relationship between the state and the development of the national system of innovation. Combining original data and expert analysis, shares experiences and knowledge that may impact how we understand the theory of innovation systems, and implement policies and strategies for their economic development.
Download or read book Innovation Commons written by Jason Potts and published by . This book was released on 2019 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is among the most important topics in understanding economic sustained economic growth. Jason Potts argues that the initial stages of innovation require cooperation under uncertainty and draws from insights on the solving of commons problems to shed light on policies and conditions conducive to the creation of new firms and industries. The problems of innovation commons are overcome, Potts shows, when there are governance institutions that incentivize cooperation, thereby facilitating the pooling of distributed information, knowledge, and other inputs. The entrepreneurial discovery of an economic opportunity is thus an emergent institution resulting from the formation of a cooperative group, under conditions of extreme uncertainty, working toward the mutual purpose of opportunity discovery about a nascent technology or new idea. Among the problems commons address are those of the identity; cooperation; consent; monitoring; punishment; and independence. A commons is efficient compared to the creation of alternative economic institutions that involve extensive contracting and networks, private property rights and price signals, or public goods (i.e. firms, markets, and governments). In other words, the origin of innovation is not entrepreneurial action per se, but the creation of a common pool resource from which entrepreneurs can discover opportunities. Potts' framework draws on the evolutionary theory of cooperation and institutional theory of the commons. It also has important implications for understanding the origin of firms and industries, and for the design of innovation policy. Beginning with a discussion of problems of knowledge and coordination as well as their implications for common pool environments, the book then explores instances of innovation commons and the lifecycle of innovation, including increased institutionalization and rigidness. Potts also discusses the possible implications of the commons framework for policies to sustain innovation dynamics.
Book Synopsis The Economics of Social Innovation by : Judith Terstriep
Download or read book The Economics of Social Innovation written by Judith Terstriep and published by Taylor & Francis. This book was released on 2022-06-23 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses ‘the economics of social innovation’, a widely neglected topic in regional development. The chapters in this edited volume cover distinct but complementary and related aspects concerning the existing gap between the hitherto unexploited potential of social innovation in relation to socio-economic challenges that regions across Europe and globally face. Research on social innovation has gained momentum over the last decade, spurred notably by the growing interest in social issues related to policy making, public management and entrepreneurship in response to the grand challenges societies in Europe and worldwide face. Accelerated by the normative turn in research and innovation policies towards ‘missions’, social innovation is nowadays a central element on policy agendas, from the urban and regional level to the national and subnational level of the European Commission and the OECD. However, for social innovations to unfold their full potential a better understanding of underlying mechanisms, processes and impacts is necessary. The first three chapters focus on framework conditions and characteristics of social innovation. The following two chapters emphasise the determinants of social innovation and translocal empowerment. In the last part, attention is devoted to social innovation in specific fields such as health care and greening society, and social innovations’ transformative potential. The chapters in this book were originally published as a special issue of the journal, European Planning Studies.
Book Synopsis Global Clusters of Innovation by : Jerome S. Engel
Download or read book Global Clusters of Innovation written by Jerome S. Engel and published by Edward Elgar Publishing. This book was released on 2014-09-26 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: øIn the geography of the global economy, there are known Šhot spots� where new technologies germinate at an astounding rate and pools of capital, expertise and talent foster the development of new industries and new ways of doing business. These cluste
Book Synopsis Best Practices in State and Regional Innovation Initiatives by : National Research Council
Download or read book Best Practices in State and Regional Innovation Initiatives written by National Research Council and published by National Academies Press. This book was released on 2013-06-04 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the policy discussion about stimulating innovation has focused on the federal level. This study focuses on the significant activity at the state level, with the goal of improving the public's understanding of key policy strategies and exemplary practices. Based on a series of workshops and conferences that brought together policymakers along with leaders of industry and academia in a select number of states, the study highlights a rich variety of policy initiatives underway at the state and regional level to foster knowledge based growth and employment. Perhaps what distinguishes this effort at the state level is most of all the high degree of pragmatism. Operating out of necessity, innovation policies at the state level often involve taking advantage of existing resources and recombining them in new ways, forging innovative partnerships among universities, industry and government organizations, growing the skill base, and investing in the infrastructure to develop new technologies and new industries. Many of these initiatives are being guided by leaders from the private sector and universities. The objective of Best Practices in State and Regional Innovation Initiatives: Competing in the 21st Century is not to do an empirical review of the inputs and outputs of various state programs. Nor is it to evaluate which programs are superior. Indeed, some of the notable successes, such as the Albany nanotechnology cluster, represent a leap of leadership, investment, and sustained commitment that has had remarkable results in an industry that is actively pursued by many countries. The study's goal is to illustrate the approaches taken by a variety of highly diverse states as they confront the increasing challenges of global competition for the industries and jobs of today and tomorrow.
Book Synopsis The Rise and Fall of Urban Economies by : Michael Storper
Download or read book The Rise and Fall of Urban Economies written by Michael Storper and published by Stanford University Press. This book was released on 2015-09-02 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. Yet, in 1970, experts would have predicted that L.A. would outpace San Francisco in population, income, economic power, and influence. The usual factors used to explain urban growth—luck, immigration, local economic policies, and the pool of skilled labor—do not account for the contrast between the two cities and their fates. So what does? The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings. The authors argue that it is essential to understand the interactions of three major components—economic specialization, human capital formation, and institutional factors—to determine how well a regional economy will cope with new opportunities and challenges. Drawing on economics, sociology, political science, and geography, they argue that the economic development of metropolitan regions hinges on previously underexplored capacities for organizational change in firms, networks of people, and networks of leaders. By studying San Francisco and Los Angeles in unprecedented levels of depth, this book extracts lessons for the field of economic development studies and urban regions around the world.
Book Synopsis Learning and Innovation in Economic Development by : Linsu Kim
Download or read book Learning and Innovation in Economic Development written by Linsu Kim and published by Edward Elgar Publishing. This book was released on 1999-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: These essays identify the evolutionary processes and patterns of learning, capability-building and innovation in catch-up countries. They suggest that such economies have different patterns of learning from those of advanced countries. Kim uses the example of Korea to examine various industries.
Book Synopsis The Atlas of Economic Complexity by : Ricardo Hausmann
Download or read book The Atlas of Economic Complexity written by Ricardo Hausmann and published by MIT Press. This book was released on 2014-01-17 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.
Book Synopsis The Informal Economy in Developing Nations by : Erika Kraemer-Mbula
Download or read book The Informal Economy in Developing Nations written by Erika Kraemer-Mbula and published by Cambridge University Press. This book was released on 2016-10-20 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering study offers a conceptual model and rich empirical evidence to help researchers and policy-makers understand informal innovation in developing countries.
Book Synopsis Local Dollars, Local Sense by : Michael Shuman
Download or read book Local Dollars, Local Sense written by Michael Shuman and published by Chelsea Green Publishing. This book was released on 2012 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local Dollars, Local Sense is a guide to creating Community Resilience. Americans' long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds total about $30 trillion. But not even 1 percent of these savings touch local small business-even though roughly half the jobs and the output in the private economy come from them. So, how can people increasingly concerned with the poor returns from Wall Street and the devastating impact of global companies on their communities invest in Main Street? In Local Dollars, Local Sense, local economy pioneer Michael Shuman shows investors, including the nearly 99% who are unaccredited, how to put their money into building local businesses and resilient regional economies-and profit in the process. A revolutionary toolbox for social change, written with compelling personal stories, the book delivers the most thorough overview available of local investment options, explains the obstacles, and profiles investors who have paved the way. Shuman demystifies the growing realm of local investment choices-from institutional lending to investment clubs and networks, local investment funds, community ownership, direct public offerings, local stock exchanges, crowdfunding, and more. He also guides readers through the lucrative opportunities to invest locally in their homes, energy efficiency, and themselves. A rich resource for both investors and the entrepreneurs they want to support, Local Dollars, Local Sense eloquently shows how to truly protect your financial future--and your community's.
Book Synopsis Growing Urban Economies by : David A. Wolfe
Download or read book Growing Urban Economies written by David A. Wolfe and published by University of Toronto Press. This book was released on 2016-01-01 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rich and nuanced analysis of the interplay of social, political, and economic factors in thirteen Canadian city-regions, large and small, this collection integrates research focusing on innovation, creativity and talent-retention, and governance in order to understand the distinctive experience of each region.
