Written by the scholar who, together with Chris Freeman, first introduced the concept of the invation system, this book brings the literature an important step forward. Based upon extraordinarily rich empirical material, it shows how and why competence building and invation are crucial for ecomic growth and competitiveness in the current era. It also provides a case study of a small, very successful European ecomy combining wealth creation with social cohesion. The author's comparative analysis of invation systems demonstrates that the 'new ecomy' can thrive and grow t only in the US-type of ecomy but also in European ecomies which exhibit a high degree of social cohesion. He warns against the polarisation that may result from a development path where the success of individuals, organisations and national ecomies reflects their capability to adopt new competencies and skills. He argues that if this kind of learning ecomy is left unattended, it will eventually undermine the social cohesion that is essential for interactive learning processes. As such, he emphasises the need to develop coherent policy strategies at the regional, national and EU level in order to cope with the new challenges of the globalising learning ecomy. Invation, Growth and Social Cohesion is a highly readable, n-technical book which illustrates the basic concepts with plentiful examples and a wide variety of empirical material. Students and scholars in the field of industrial dynamics and invation research will find this an invaluable resource. It will also be of significant interest to policymakers looking for growth models compatible with social cohesion and those interested in understanding the dynamics of the new learning ecomy.
Bengt-Ake Lundvall, Professor of Economics, Department of Business Studies, Aalborg University, Denmark and Professor, Sciences-Po, Paris, France
Edward Elgar Publishing Ltd
Date of Publication
Economics: Professional & General
New Horizons in the Economics of Innovation Series