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The European challengeInnovation, policy learning and social cohesion in the new knowledge economy$
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Graham Room

Print publication date: 2005

Print ISBN-13: 9781861347398

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781861347398.001.0001

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Dynamics and innovation

Dynamics and innovation

(p.29) Four Dynamics and innovation
The European challenge

Graham Room

Policy Press

This chapter explains the process of dynamic change that appears to characterise the new knowledge-based economy. It seeks to develop an electric conceptual model of innovation and transformation, distinguishing four stages in the process of innovation. It notes that these four stages are useful for analytical purposes — they also, however, suggest various elements in the innovation process that may need to be benchmarked and different points at which policy makers might intervene.

Keywords:   knowledge-based economy, innovation, policy makers, transformation

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