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Innovation, Democracy and Efficiency

Author: Francesco Grillo

Publisher: Springer

Published: 2016-04-08

Total Pages: 237

ISBN-13: 1137449667

Endogenous growth theory has significantly impacted most of the developing and developed countries, shifting priorities of industrial policies towards innovation. In line with this trend, the European Union significantly increased its budgetary allocation for R&D. However, statistical data show a weak correlation between R&D expenditure and the acceleration of economic growth. Regional innovation policies display divergent returns according to different institutional conditions and policy choices. Grillo and Nanetti attempt to understand the reasons that lie behind differences in performance. Their results show that better performing innovation strategies require the following factors: clear choices of locally congruent smart specialization; strong capacity of public investment to stimulate additional private investment; clear distribution of responsibilities for decision-making and independence of policy implementation from political interference; and problem solving partnerships amongst innovators, universities, and governments that pre-exist the programmes. These factors point to a relationship between democracy (defined as openness of policy-making) and innovation (as technology-enabled growth) which is explored throughout this book.

Democratic Innovations

Author: Graham Smith

Publisher: Cambridge University Press

Published: 2009-07-02

Total Pages: 231

ISBN-13: 0521514770

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This book examines democratic innovations from around the world, drawing lessons for the future development of both democratic theory and practice.

Global Quality of Democracy as Innovation Enabler

Author: David F.J. Campbell

Publisher: Springer

Published: 2018-10-28

Total Pages: 509

ISBN-13: 3319725297

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This book assesses the interconnectedness of democracy and economic development. It concentrates on how to conceptualize and to measure democracy and quality of democracy in global comparison. The author makes the argument that a quality-of-democracy understanding based on sustainable development relates crucially with economic growth, but more so with economic development. The empirical macro-model focuses on approximately over hundred countries (in a world model) and covers about a fourteen-year period of 2002-2015, identifying the following basic dimensions as being relevant for further analysis: freedom, equality, control, sustainable development, and self-organization (political self-organization). Readers will appreciate the global perspective the work offers.

Capabilities, Innovation and Economic Growth

Author: Michele Capriati

Publisher: Routledge

Published: 2017-07-28

Total Pages: 251

ISBN-13: 131751291X

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The question of whether we can foster growth and innovation while promoting individual freedoms poses a challenge for everyone studying and working on innovation and development policies. Whilst innovation literature is largely dominated by a focus on efficiency, development literature tends to focus on equality and pays less attention to mechanisms fostering economic and social change. This book aims to move beyond these barriers and to identify development policies that foster both efficiency and equality, exploring the connection between innovation policies and the improvement of individual freedoms. Capabilities, Innovation and Economic Growth argues that we can answer these questions by focusing on the relation between Amartya Sen's human development approach and the Neo-Schumpeterian analysis of innovation systems. After considering the connections between the two schools of thought and the way they enrich each other's perspectives, chapters go on to show how policy can support virtuous circles in which innovation, human development and economic growth interact and mutually reinforce each other. This is undertaken through the descriptive analysis and the empirical testing of a sample of nations and European regions. The volume concludes with an exploration of the contribution that the capabilities approach can give to the design of innovation policy, and with the analysis of macroeconomic policies favorable to innovation and human development. This will be essential reading for: students and academic economists interested in development, growth and innovation; policy makers and officers in charge of defining development and innovation plans at national and regional level; and consultants and managers in development agencies implementing innovation and development projects.

Innovation and Efficiency

Author: Heinz-Dieter Haustein

Publisher: Pergamon

Published: 1985

Total Pages: 248

ISBN-13:

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Study of the Innovation process, the mechanisms of technological change and the measurement of efficiency in socioeconomic and technical- economic processes.

Democracy and Knowledge

Author: Josiah Ober

Publisher: Princeton University Press

Published: 2008-09-15

Total Pages: 363

ISBN-13: 1400828805

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When does democracy work well, and why? Is democracy the best form of government? These questions are of supreme importance today as the United States seeks to promote its democratic values abroad. Democracy and Knowledge is the first book to look to ancient Athens to explain how and why directly democratic government by the people produces wealth, power, and security. Combining a history of Athens with contemporary theories of collective action and rational choice developed by economists and political scientists, Josiah Ober examines Athenian democracy's unique contribution to the ancient Greek city-state's remarkable success, and demonstrates the valuable lessons Athenian political practices hold for us today. He argues that the key to Athens's success lay in how the city-state managed and organized the aggregation and distribution of knowledge among its citizens. Ober explores the institutional contexts of democratic knowledge management, including the use of social networks for collecting information, publicity for building common knowledge, and open access for lowering transaction costs. He explains why a government's attempt to dam the flow of information makes democracy stumble. Democratic participation and deliberation consume state resources and social energy. Yet as Ober shows, the benefits of a well-designed democracy far outweigh its costs. Understanding how democracy can lead to prosperity and security is among the most pressing political challenges of modern times. Democracy and Knowledge reveals how ancient Greek politics can help us transcend the democratic dilemmas that confront the world today.

Challenging Citizens: Democratic Innovations at the Local Level

Author: Pavel Šaradín

Publisher: Springer Nature

Published: 2023-12-11

Total Pages: 184

ISBN-13: 3031436741

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The book aims to complement the existing research on democratic innovations mainly by making unique comparative analyses of the democratic innovations at the local level in selected European post-communist countries, i.e. the Czech Republic, Poland and Slovakia. Democratic innovations can help overcome political apathy, decreased confidence in democracy and improve efficiency of governance. We traditionally consider cities and municipalities to be cradles of democracy and connect them with deliberations on the further development of democratic theory and political practice. We therefore argue that the local level is a suitable arena and laboratory for both changes of institutional settings within the traditional model of representative democracy, and the structural changes, which concern changing relations between local representatives and citizens.

Redesigning Democracy

Author: Hans Gersbach

Publisher: Springer

Published: 2017-04-07

Total Pages: 248

ISBN-13: 331953405X

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Could democracy do better? This book presents a vision on optimal democracies and a set of new rules to help achieve them. The monograph follows on the author’s successful book “Designing Democracy” from 2005 and further develops its ideas. While liberal democracies are the best systems of self-governance for societies, they rarely provoke great enthusiasm. Democracies have been known to fail in achieving efficient outcomes and fair distributions of wealth. Moreover, many citizens take the democratic system for granted, simply because they have yet to experience an alternative. This book argues that the potential offered by democracies has not yet been exhausted, and that optimal democracies are both the Utopia for societies and the aim that scientists should commit themselves to making a reality. Furthermore, the book suggests a number of insightful rules to improve the functioning of democracies. “We all know what to do, we just don’t know how to get re-elected after we have done it.” This famous quip by Jean-Claude Juncker perfectly encapsulates the challenge this book takes on: how to redesign our democratic institutions to overcome political short-termism and make our democracies more efficient. Several radical but highly relevant proposals are explored, ranging from long-term incentive contracts for politicians, prediction markets over the outcomes of the next election that could be useful for incentive purposes, minority voting, initiative group constitutions, and so on. All these highly innovative proposals are rigorously grounded in standard economic analysis. I highly recommend this book to anyone concerned about the state of our democracies and looking for constructive reforms. Patrick Bolton, Columbia University, USA In a time of reeling democracies, it is urgent to explore how to improve on the electoral system for the benefit of society. Hans Gersbach has developed a most innovative and thought-provoking research agenda at the intersection of political theory, social choice and mechanism design. He uncovers the potentially positive effects of political contracts between candidates and society, of new rules for agenda setting and of mechanisms compensating the minorities. Marc Fleurbaey, Princeton University, USA

Deepening Democracy

Author: Archon Fung

Publisher: Verso

Published: 2003

Total Pages: 328

ISBN-13: 9781859846889

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The forms of liberal democracy developed in the 19th century seem increasingly ill-suited to the problems we face in the 21st. This dilemma has given rise to a deliberative democracy, and this text explores four contemporary cases in which the principles have been at least partially instituted.