Innovation Strategies for a Global Economy

`Dr Gault has been on the forefront of innovation measurement and indicators for many years. With the publication of Innovation Strategies for a Global Economy, he has moved substantially beyond the realm of measurement. In this volume he has succinctly linked the role of measuring innovation to the development and implementation of innovation strategies. The volume is unique in addressing both the measurement and implementation of appropriate innovation strategies in developing...
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`Dr Gault has been on the forefront of innovation measurement and indicators for many years. With the publication of Innovation Strategies for a Global Economy, he has moved substantially beyond the realm of measurement. In this volume he has succinctly linked the role of measuring innovation to the development and implementation of innovation strategies. The volume is unique in addressing both the measurement and implementation of appropriate innovation strategies in developing nations. Over the last decade Dr Gault has become an expert in this area and his expertise is clearly on display. Without a doubt, this volume is the definitive primer on the measurement of innovation and the implementation of strategies for innovation.'
- Lynda D. Carlson, PhD

`Innovation Strategies for a Global Economy skilfully connects the challenge of developing innovation policies with the development of statistics and indicators needed to evaluate and monitor these policies. Fred Gault brings an insider view to both areas which is exceedingly rare and badly needed.'
- Andrew Wyckoff, OECD, France

`For decades, many in the indicators community have looked to Fred Gault for new ideas and organizing principles. Gault continues to play this informative and inspiring role in his new book on the intersection between policy and indicators. His ideas will make a substantive contribution to the way in which innovation policy is made.`
- Eric Von Hippel, Massachusetts Institute of Technology Sloan School of Management, US

`This path-breaking book integrates theory, case studies, data and policy insight into a unique take on innovation processes and government action. It is a much-needed advance in the intellectual foundations of innovation policy.'
- Keith Smith, Imperial College, London, UK

This book is about innovation strategies for a global economy, their development, implementation, measurement and management. Following the global economic crisis, people are asking: what went wrong? Here, Fred Gault illustrates that a part of the problem was innovation in financial services, which resulted in the release of attractive new products to the market that diffused rapidly and then lost value. This book considers innovation and how policies are developed and implemented to support it. In so doing, framework conditions such as market regulation and the cost of doing business are examined to discover how future problems could be avoided.

A better understanding of innovation and innovation policy may result in improved economic and social outcomes from these activities. The book therefore begins with an exploration of the language and system framework used to discuss innovation, and the statistical indicators needed to describe it. The author provides a critical assessment of innovation policy development, monitoring and evaluation, and considers innovation strategies, their components and management. He concludes by prescribing directions for new work in developed and developing countries.

Academics engaged in the study of innovation policy, its monitoring and evaluation, will find this book to be of great interest, as will graduate students in the fields of business and management, and sociology. It will also strongly appeal to governmental policymakers and statisticians responsible for innovation statistics.