Innovation Policy supplies the dynamism for inclusive development 333.0

In the immediately previous post on October 4, Inclusive development needs an innovation and entrepreneurship policy, I introduced a definition of inclusive development. I argued that the two solutions suggested by static analysis and equilibrating snapshot from macroeconomics – public-private partnership focused on infrastructure as target for investment and conditional cash transfer as safety net [...]

Food Security Must Save from Hunger Errant E. coli and Toxic Additives 314.0

Food security is often focused more on production and distribution and less on food safety and quality. Yet recent experiences in Germany and in China and Taiwan highlight two types of risks to avoid to food security and safety. As design thinking, it is often more effective and efficient to design appropriate controls and contingencies [...]

Postwar Japan Created Modern Industrial Policy and Innovation Systems 302.0

From reading the news everyday, our instinct is to mistrust government as innately corrupt and inept in delivering welfare. Postwar Japan proved otherwise in reviving the country while creating and then using modern industrial policy and innovation systems to facilitate its dizzying growth rate from 1950 to 1972. Our neighbors South Korea, Taiwan, Singapore and [...]

Planning as Mixed Economy is Best for Emerging Markets and Philippines 300.0

The 2010-2016 Medium-Term Philippine Development Plan (MTPDP) was accepted “in principle” by the Cabinet-level NEDA Board chaired by President Benigno S. C. Aquino III on April 28, 2011 reported the BWOnline. (BusinessWorld, 2011) This was after a seven-month long process – three months longer than planned – from September 2, 2010. I was extremely pleased [...]

Modern Industrial Policy Discovers Locomotives in Global Supply Chains 297.0

Modern versions of industrial policy and the broader field of development economics are coming back into center stage says Nobel winner Joseph Stiglitz in an IMF blog. This renewal comes after the failure of neoclassical macroeconomics to forecast the recent financial crisis and to explain the continuing success of emerging markets like China and India [...]

The Philippines Needs Embedded Patriotism to Catch-up 278.0

I picked up my Christmas reading only this week; they got caught up in the Christmas rush getting to New York. I bought the three books to fill up gaps in the development framework for emerging markets that I am trying to cobble up in the context of today’s fast moving technology environment. Briefly, from [...]

Competitiveness Demands Social Innovation in Institutions 274.0

None of the five pillars in President Noynoy Aquino’s first Medium-Term Philippine Development Plan (MTPDP), that is being drafted as I write this post, addresses the needed social innovation in Institutions to improve competitiveness for the Philippines. Other than as based on Professor Cantwell’s capabilities, competitiveness is also defined differently by other folks. These definitions [...]

Filipinnovation by DOST Starts Measuring Innovation Survey 271.0

The Department of Science and Technology (DOST) initiated the project, Filipinnovation, as “a national strategy designed to sustain efforts at achieving a robust economy and a better lie for our people.” On November 26, the DOST, with funding support from the International Development Research Centre (IDRC) of Canada conducted the forum, “Towards an Innovation-led Development [...]

Emerging Markets Innovation Systems Must Target Diffusion 268.0

Competing Economic Growth Models for Innovation Systems 265.0

Economic growth, especially those that add net value-added or productivity, is of special interest to emerging markets as they provide a general improvement in living standards for all citizens. This economic growth is the foundation on which the special case of catch-up, that I wrote about in the preceding post, rests. Catch-up happens when governments, [...]

Catch-up Innovation Systems for Emerging Markets 264.0

This is a great book for someone looking at innovation from a theoretical, evolutionary economics standpoint – the papers are good focusing devices for guiding a practical strategy for a country like the Philippines that must be finally defined by local context. The book looks at innovation mainly from a social science point of view [...]

Malaysia Wins with Palm Oil Sectoral Innovation Systems 263.0

The Malaysian Palm Oil Board (MPOB) is the only example I know of a continuing triumph from one of the emerging markets that resulted to global leadership via government-private sectoral innovation systems among ASEAN countries. Philippines back story. Sadly, for the Philippines, Malaysia’s continuing success in implementing growth in total area planted to oil palm [...]

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