Putting research into use: A market failure approach

Clark, Norman; Frost, Andy; Maudlin, Ian; Seward, Paul; Wainwright, Henry and Ward, Andrew (2012). Putting research into use: A market failure approach. International Journal of Technology Management and Sustainable Development, 10(3) pp. 185–200.

DOI: https://doi.org/10.1386/tmsd.10.3.185_1

Abstract

This paper explores innovation and technology development aid targeted at the African rural poor but often failing to deliver benefit. Using 5 cases of UK bilateral aid (current and historic) it suggests the prime importance of securing continuous knowledge interaction across the whole of the relevant value chain, combined with the need for institutional reform of science policy in this field. The paper’s approach emphasises the underlying problem as an inherent tendency to failure in knowledge markets combined with often unsuitable institutional contexts.

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