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Innovation systems, institutional change and the new knowledge market: implications for third world agricultural development

Clark, Norman (2002). Innovation systems, institutional change and the new knowledge market: implications for third world agricultural development. Economics of Innovation and New Technology, 11(4-5) pp. 353–368.

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This paper uses a simplified version of classical information theory to improve understanding of the dynamic potential of innovation systems in developing countries with a special focus on issues of agricultural poverty. Using examples drawn from emergent knowledge markets in industrialised countries, the paper suggests that such an analytical approach focuses attention directly on the types of institutional reforms necessary to improve the effectiveness of Third World agricultural R&D. Contrast is made with more conventional approaches that take institutional structures as given and focus more on factors such as price regimes, policy weaknesses and political will. The paper argues that so great now are the problems in this area (particularly in Sub-Saharan Africa) that there is a clear need for institutional reform to accompany relevant technological changes. In the absence of such reform innovative (and hence economic) potential is likely to be compromised.

Item Type: Journal Item
ISSN: 1476-8364
Keywords: Institutional; Innovation; Agriculture; Development; Knowledge
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Politics, Philosophy, Economics, Development, Geography
Faculty of Arts and Social Sciences (FASS)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Related URLs:
Item ID: 8609
Depositing User: Norman Clark
Date Deposited: 24 Jul 2007
Last Modified: 29 Jan 2018 06:11
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