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

Author

Listed:
  • Anna Bosch

    (George Washington University (USA))

  • Nicholas Vonortas

    (George Washington University (USA))

Abstract

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.

Suggested Citation

  • Anna Bosch & Nicholas Vonortas, 2019. "Smart Specialization as a Tool to Foster Innovation in Emerging Economies: Lessons from Brazil," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 13(1), pages 32-47.
    • Handle: RePEc:hig:fsight:v:13:y:2019:i:1:p:32-47
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    References listed on IDEAS

    as
    1. World Bank, 2018. "Doing Business 2018," World Bank Publications - Books, The World Bank Group, number 28608.
    2. McCann, Philip & Ortega-Argilés, Raquel, 2016. "Smart Specialisation: Insights from the EU Experience and Implications for Other Economies," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 36, pages 279-293.
    3. Arne Isaksen & Roman Martin & Michaela Trippl (ed.), 2018. "New Avenues for Regional Innovation Systems - Theoretical Advances, Empirical Cases and Policy Lessons," Springer Books, Springer, number 978-3-319-71661-9, July.
    4. Philip McCann & Raquel Ortega-Argilés, 2016. "The early experience of smart specialization implementation in EU cohesion policy," European Planning Studies, Taylor & Francis Journals, vol. 24(8), pages 1407-1427, August.
    5. Laura Maragna, 2016. "RIO Country Report 2015: Brazil," JRC Research Reports JRC104963, Joint Research Centre.
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    Cited by:

    1. N. Yu. Korotina, 2020. "The Smart specialisation’s methodology in overcoming the spatial asymmetry of Russia’s economic federalism," Journal of New Economy, Ural State University of Economics, vol. 21(1), pages 107-121, March.
    2. E. V. Lukin, 2022. "Regulation of Interregional Value Chains: Problems of Analysis and Modeling," Studies on Russian Economic Development, Springer, vol. 33(1), pages 11-21, February.
    3. Agnieszka Janik & Adam Ryszko & Marek Szafraniec, 2020. "Mapping the Field of Smart Specialisation and Regional Innovation Strategy Literature – A Bibliometric Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 655-673.

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    More about this item

    Keywords

    smart specialization; science; technology and innovation (STI) policy; regional innovation system; regional development; policy learning; European Union; Brazil;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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