Europe is confronted by an intimidating triple challenge - economic stagnation, climate change, and a governance crisis. This book demonstrates how these three challenges are closely inter-related. A return to economic growth cannot come at the expense of greater risk of irreversible climate change. Instead, what is required is a reconceptualization of what is intended by 'economic development' and a fundamental transformation of the economy to a new 'green' trajectory, based on rapidly diminishing emission of greenhouse gases. This entails a much greater emphasis on innovation in all its forms - not just technological. Innovation policy must be placed at the very heart of industrial policy and indeed of economic policy more broadly. Other parts of the world are also facing varying forms of the triple challenge, and while the governance challenge may not be exactly the same as for Europe and the EU, Europe is uniquely placed to take the lead in addressing the triple challenge. While this may well entail certain costs in the short term, it will undoubtedly bring considerable benefits in the longer term. It should also encourage countries in other parts of the world to follow Europe's lead in this transformation process, thereby ensuring that climate change is kept within manageable bounds. Addressing the triple challenge would thus provide Europe and its citizens with a new sense of purpose, revitalizing the EU and 'the European project' over the decades to come.

This authoritative and enlightening book focuses on fundamental questions such as what is innovation, who is it relevant for, what are the effects, and what is the role of (innovation) policy in supporting innovation-diffusion? The first two sections present a comprehensive overview of our current knowledge on the phenomenon and analyse how this knowledge (and the scholarly community underpinning it) has evolved towards its present state. The third part explores the role of innovation for growth and development, while section four is concerned with the national innovation system and the role of (innovation) policy in influencing its dynamics and responding to the important challenges facing contemporary societies.

Describes how institutions and markets can best be structured in order to promote innovation in key economic sectors.

Europe is confronted by an intimidating triple challenge: economic stagnation, climate change, and a governance crisis. This book demonstrates how these challenges are inter-related, and discusses how they can be dealt with more effectively in order to arrive at a more economically secure, environmentally sustainable and well governed Europe.

China and Europe both decisively shape twenty-first century global politics. Successful cooperation between Europe and China continues, notably in climate change mitigation, or finding a way out of the financial crisis. Relations are also increasingly institutionalised, such as through Summits or High-Level Dialogues. However, although in 2013 the EU and China have celebrated the 10-year-anniversary of their Strategic Partnership, struggles have re-emerged, in relation to human rights, intervention in crisis regions such as Syria, and trade subsidisation and protectionism in areas such as the solar energy industry. Given this simultaneous presence of partnership and competition, this edited volume investigates if Sino-European relations have become what Henry Kissinger has termed a “co-evolution”: both China and Europe “pursue their domestic imperatives, cooperating where possible, and adjust their relations to minimize conflict”. The volume sheds light on four key areas of Europe-China relations: first, high politics and security relations; second, the European sovereign debt crisis; third, energy and environmental issues; and fourth, soft power and public diplomacy. As the volume is authored by Chinese and European early-stage scholars in equal numbers, it adds a balance of perspectives and a future-oriented outlook to the still-low but increasing number of works on Europe/EU-China relations.

The author addresses the question of whether globalization of law is possible in a world full of tensions due to an increase in economic inequality and the rise of national and regional differences. She discusses whether it is reasonable or imaginable to have an organized set of norms when the helter-skelter proliferation of norms and the displacement of landmarks create instead the impression of normative disorder. She then explores whether the globalization of law is ethically desirable, when none of our international institutions are currently able to guarantee respect for democratic values. Originally published in French under the title Trois Defis Pour Un Droit Mondial. Published under the Transnational Publishers imprint.

Policies for the Future of Farming and Food in the European Union applies the OECD Productivity, Sustainability and Resilience (PSR) analytical framework along with the latest data from the OECD Agri-Environmental Indicators to benchmark the sustainable productivity performance of the EU’s agricultural sector and to identify the main challenges ahead.

Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources.

A ground-breaking account which shows how the public sector must adapt, but also persevere, in order to advance technology and innovation From self-driving cars to smart grids, governments are experimenting with new technologies to significantly change the way we live. Innovation has become vitally important to states across the world. Rainer Kattel, Wolfgang Drechsler and Erkki Karo explore how public bodies pursue innovation, looking at how new policies are designed and implemented. Spanning Europe, the USA and Asia, the authors show how different institutions finance new technologies and share cutting-edge information. They argue for the importance of ‘agile stability’, demonstrating that in order to successfully innovate, state organizations have to move nimbly like start-ups and yet ensure stability at the same time. And that, particularly in the light of the Covid-19 pandemic, governments need both long-term policy and dynamic capabilities to handle crises. This vital account explores the complex and often contradictory positions of innovating public bodies—and shows how they can overcome financial and political resistance to change for the good of us all.