2013
DOI: 10.4324/9781315873893
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Innovation and Learning Experiences in Rapidly Developing East Asia

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“…As globalization increased, non-market coordination and the integration of the national market into more complex systems, such as global value chains, required the adoption of policy instruments that facilitate the management of different interfaces and coordination mechanisms, as well as dealing with market and system failures [46,47]. Examples of market and system failures include: (i) The absence of key systemic actors and lack, or poor availability, of appropriate capabilities or competences to face technological change; (ii) technological locking hampering the development of new technologies [48,49]; (iii) weak interaction among agents in the system; (iv) inadequate habits and practices for innovation to occur [50,51]; and (v) insufficient infrastructure for innovation, i.e., financial, scientific, and physical [6,52].…”
Section: Public-private Partnerships In Research and Innovationmentioning
confidence: 99%
“…As globalization increased, non-market coordination and the integration of the national market into more complex systems, such as global value chains, required the adoption of policy instruments that facilitate the management of different interfaces and coordination mechanisms, as well as dealing with market and system failures [46,47]. Examples of market and system failures include: (i) The absence of key systemic actors and lack, or poor availability, of appropriate capabilities or competences to face technological change; (ii) technological locking hampering the development of new technologies [48,49]; (iii) weak interaction among agents in the system; (iv) inadequate habits and practices for innovation to occur [50,51]; and (v) insufficient infrastructure for innovation, i.e., financial, scientific, and physical [6,52].…”
Section: Public-private Partnerships In Research and Innovationmentioning
confidence: 99%