By Organization for Economic Cooperation and Development OECD
What's using fresh progress in OECD international locations? Why is it that their degrees of GDP in line with capita are not any longer converging? Why is it that a few international locations, working on the technological frontier, the place advances are tricky, seem to be widening the space? This research indicates that luck calls for no longer a few silver bullet, yet a number of complementary components that help the innovation-intensive progress exemplified by means of new details and verbal exchange applied sciences resembling the net and net purposes like digital trade. Supportive rules comprise these favorable to leading edge start-ups and to monetary platforms in a position to aid them, those who facilitate the reorganisation required to harvest the whole advantages of ICT, regulatory and institutional frameworks that facilitate hyperlinks among technology and undefined, and efforts to coach and procure the mandatory human capital, in addition to public aid for easy medical examine.
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Extra resources for A new economy: the changing role of innovation and information technology in growth
Monitoring other companies throughout the world and in different markets has therefore become an essential part of firms’ innovative effort. 10 Patent data show that a growing part of such co-operation takes place at international level (Figure 12). Cross-border ownership of patents – the applicant (owner) resides in a different country than the inventor – has increased considerably in the 1990s. In addition, for a growing share of patents, the co-inventors reside in different countries. The internationalisation of patenting has not been equally rapid in all countries; the available evidence shows that US patents have a larger, and more rapidly growing, proportion of foreign co-inventors than Europe or Japan.
G. through networks, alliances and joint ventures; purchase of capital equipment; involvement of specialist knowledgeintensive services; interaction with scientific institutions; integration of other firms and start-ups through mergers and acquisitions; and mobility of high-skilled human resources (Table 2). Such channels may be domestic or global. The importance of several of these channels of knowledge transfer has increased over the past decade. Although the empirical evidence is limited, the following trends can be observed: - The number of strategic alliances between firms has increased.
In addition, the United States accounts for about half of all software exports from India, much of which is “outsourced” customised work, not finished products. Both India and Israel are home to software development centres for Hewlett-Packard, IBM, Intel, and Microsoft (OECD, 2000c). The role of ICT in innovation The above discussion has examined a number of changes that have taken place in the innovation process. In many, ICT plays a major role. First, ICT is the technology area with the highest rate of innovation as measured by patents granted.
A new economy: the changing role of innovation and information technology in growth by Organization for Economic Cooperation and Development OECD