Australia's system of innovation

Marceau, Jane & Manley, Karen (2001) Australia's system of innovation. In Dow, Geoff & Parker, Rachel L. (Eds.) Business, work and community : into the new millennium. Oxford University Press, Sth Melbourne, Australia, pp. 81-100.


There is overwhelming evidence that innovation and knowledge intensity are key factors promoting growth in modern economies. Since the early 1990s, OECD analysts have focused increasingly on the growing knowledge intensity of modern economies and the strong links between knowledge intensity and economic growth. Innovation plays a critical role in the knowledge economy. There is growing awareness that innovation takes place in a system that involves information transfer and communication between a range of players that includes firms, regulatory agents, and research and training organisations. Innovation cannot be understood as something that occurs within isolated organisations. Instead, it must be seen as a process of interaction between a range of players. The institutions, norms, and patterns of behaviour that constitute the social environment of business are an important influence on innovation. This chapter seeks to develop an understanding of the social context of the innovation system and the performance of Australia's system of innovation in international perspective.

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ID Code: 7927
Item Type: Book Chapter
Additional Information: Posted with the permission of the copyright owner for your personal use only. No further distribution is permitted without permission of the copyright owner.
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ISBN: 9780195513271
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Innovation and Technology Management (150307)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Copyright Owner: Copyright 2001 Oxford University Press
Deposited On: 30 May 2007 00:00
Last Modified: 10 Aug 2011 15:55

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