Innovation ecosystems can drive industrial transformation from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
Industrial transformation is a complex process that involves a range of actors and activities. Innovation ecosystems play a crucial role in driving this transformation by bringing together various stakeholders such as firms, research institutions, government agencies, and other organizations to collaborate on innovative projects. These ecosystems provide a fertile ground for the exchange of ideas, knowledge, and resources, which are essential for fostering technological advancements and creating new industries. Innovation ecosystems are dynamic and constantly evolving, adapting to changes in the external environment and leveraging new opportunities for growth and development. They help to create an enabling environment for innovation by providing the necessary infrastructure, funding, and support servic...
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