Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value Chains
Moving up the global value chain requires an enabling innovation ecosystem alongside economy-specific endowments, a mix of supportive policies in broad areas of infrastructure and institutions, and other enabling factors. Examining sample economies globally and in developing Asia, the empirical resu...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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World Scientific Publishing
2021-09-01
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| Series: | Asian Development Review |
| Subjects: | |
| Online Access: | https://www.worldscientific.com/doi/10.1142/S0116110521500013 |
| _version_ | 1797829054169088000 |
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| author | MINSOO LEE RAYMOND GASPAR HUIYAN DU |
| author_facet | MINSOO LEE RAYMOND GASPAR HUIYAN DU |
| author_sort | MINSOO LEE |
| collection | DOAJ |
| description | Moving up the global value chain requires an enabling innovation ecosystem alongside economy-specific endowments, a mix of supportive policies in broad areas of infrastructure and institutions, and other enabling factors. Examining sample economies globally and in developing Asia, the empirical results suggest that during the transition from a low level of upgrading in a global value chain to a medium-level one, efforts should focus on increasing the scale of innovation inputs, allowing firms to improve in many areas of their capacity to innovate. To move higher up a global value chain, the design of innovation policies should gradually emphasize the production of technological, knowledge, and creative outputs. |
| first_indexed | 2024-04-09T13:14:17Z |
| format | Article |
| id | doaj.art-25dd5eca1bb14fecb084f906a2d57d6c |
| institution | Directory Open Access Journal |
| issn | 0116-1105 1996-7241 |
| language | English |
| last_indexed | 2024-04-09T13:14:17Z |
| publishDate | 2021-09-01 |
| publisher | World Scientific Publishing |
| record_format | Article |
| series | Asian Development Review |
| spelling | doaj.art-25dd5eca1bb14fecb084f906a2d57d6c2023-05-12T00:59:15ZengWorld Scientific PublishingAsian Development Review0116-11051996-72412021-09-01380212315710.1142/S0116110521500013Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value ChainsMINSOO LEE0RAYMOND GASPAR1HUIYAN DU2Central and West Asia Department, Asian Development Bank, People’s Republic of ChinaAsian Development Bank, People’s Republic of ChinaResident Mission in the People’s Republic of China, Asian Development Bank, People’s Republic of ChinaMoving up the global value chain requires an enabling innovation ecosystem alongside economy-specific endowments, a mix of supportive policies in broad areas of infrastructure and institutions, and other enabling factors. Examining sample economies globally and in developing Asia, the empirical results suggest that during the transition from a low level of upgrading in a global value chain to a medium-level one, efforts should focus on increasing the scale of innovation inputs, allowing firms to improve in many areas of their capacity to innovate. To move higher up a global value chain, the design of innovation policies should gradually emphasize the production of technological, knowledge, and creative outputs.https://www.worldscientific.com/doi/10.1142/S0116110521500013developing Asiaglobal value chain upgradinginnovation efficiency |
| spellingShingle | MINSOO LEE RAYMOND GASPAR HUIYAN DU Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value Chains Asian Development Review developing Asia global value chain upgrading innovation efficiency |
| title | Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value Chains |
| title_full | Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value Chains |
| title_fullStr | Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value Chains |
| title_full_unstemmed | Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value Chains |
| title_short | Enabling an Innovation Ecosystem and Participation at the Higher End of Global Value Chains |
| title_sort | enabling an innovation ecosystem and participation at the higher end of global value chains |
| topic | developing Asia global value chain upgrading innovation efficiency |
| url | https://www.worldscientific.com/doi/10.1142/S0116110521500013 |
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