Spurring Innovation-Led Growth in Argentina : Performance, Policy Response, and the Future
A new, innovation-led growth model would enable Argentina to increase economic stability and achieve stronger shared prosperity. Argentina can escape boom-and-bust cycles and accelerate its recovery from the COVID-19 pandemic with an innovation-driven economy that, in addition to factor accumula...
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Format: | Book |
Published: |
Washington, DC: World Bank
2021
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Subjects: | |
Online Access: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/328731621400014185/spurring-innovation-led-growth-in-argentina-performance-policy-response-and-the-future http://hdl.handle.net/10986/35592 |
Summary: | A new, innovation-led growth model would enable Argentina to
increase economic stability and achieve stronger shared prosperity.
Argentina can escape boom-and-bust cycles and accelerate its recovery
from the COVID-19 pandemic with an innovation-driven economy that, in
addition to factor accumulation, fuels higher productivity growth across
all its sectors. Such a growth model should build on Argentina’s strengths
in human capital, research, and firm-level capabilities, which would help
diversify the economy and make it more inclusive and less susceptible to
external shocks, providing the country with a stronger buffer at times of
uncertainty. Despite the volatility of the past few decades, Argentina has
been able to develop important pockets of success in high-end research
and in frontier productive sectors such as biotechnology and knowledge
economy. All of these should be better exploited and strengthened
through public-private partnerships, targeted investments, and an
enabling business environment to increase innovation’s contribution to
economic growth. A resilient economic recovery will, in part, require a
long-term vision and a policy framework that builds a sustainable national
innovation system. To contribute to the strengthening of such a national innovation
system, this report reviews holistically the innovation performance in
Argentina, identifies some of the main gaps and strengths, and discusses
appropriate policy responses. The report also examines regional differences
in innovation performance and reviews the policy effectiveness of
recent initiatives that have focused on industry and science linkages
and knowledge-based entrepreneurship. The lessons from these impact
evaluations and findings of the comparative evaluation of Argentina’s
innovation landscape are intended to provide guidance in the design and
strengthening of existing and future innovation policies in Argentina. |
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