TY - JOUR TI -

Smart Specialization as a Tool to Foster Innovation in Emerging Economies: Lessons from Brazil

T2 - Foresight and STI Governance IS - Foresight and STI Governance KW - smart specialization KW - science, technology and innovation policy KW - policy learning KW - Brazil KW - regional innovation system KW - regional development KW - European Union AB - This paper is about the policy concept of smart specialization (RIS3) and its potential for application in emerging economies. This is an important issue as emerging economies continue to struggle against the forces of globalization and targeted investments through RIS3 strategies that may help them boost their (regional) innovation economies. Thus far, RIS3 has mostly been implemented by industrialized EU economies. Due to the structural differences, success in emerging economies may require more extensive groundwork prior to the implementation of an RIS3 strategy. This is specifically noted in the Brazilian example: smart specialization requires careful planning, the country needs to address some of its general issues with lagging innovation before it can focus on successfully implementing an RIS3 strategy. We believe that such an approach would be appropriate for other countries at similar stages of economic development. AU - Anna Bosch AU - Nicholas Vonortas UR - https://foresight-journal.hse.ru/en/2019-13-1/258744256.html PY - 2019 SP - 35-47 VL - 13