Complex Adaptive Innovation Systems: Relatedness and Transversality in the Evolving Region (Regions and Cities) - Hardcover

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Cooke, Philip

 
9780415603751: Complex Adaptive Innovation Systems: Relatedness and Transversality in the Evolving Region (Regions and Cities)
Hardcover
ISBN 10: 0415603757 ISBN 13: 9780415603751
Publisher: Routledge, 2012

Synopsis

Leading up to the financial crisis of 2008 and onwards, the shortcomings of traditional models of regional economic and environmental development had become increasingly evident. Rooted in the idea that ‘policy’ is an encumbrance to free markets, the stress on supply-side smoothing measures such as clusters and an over reliance on venture capital, the inadequacy of existing orthodoxies has come to be replaced by the notion of transversality.

This approach has three strong characteristics that differentiate it from its failing predecessor. First, as the name implies, it seeks to finesse horizontal knowledge interactions as well as vertical ones, thus building ‘platforms’ of industrial interaction. Secondly, it is not a supply, but a demand side model in which needs-driven innovation rather than pure market competition prevails. Finally, it is ongoing through recessionary times, being more robust than over-specialized approaches to economic growth.

The intellectual origins of transversality lie in an aspiration to promote eco-innovation, one of the key hopes of assisting Western regional and national economies to re-balance and escape recession. The policy models of key regional exponents of the concept are explored and their goals achievement is assessed. An array of policy instruments and measures is presented for hands-on policy implementation. The book will be of vital interest to academics as teachers and researchers as well as policy advisers and public servants.

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About the Author

Philip Cooke is Director and Research Professor in Regional Development at the Centre for Advanced Studies, Cardiff University, UK.

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Publisher
Routledge
Publication date
2012
Language
English
ISBN 10 
0415603757
ISBN 13 
9780415603751
Binding
Hardcover
Edition number
1
Number of pages
256

Other Popular Editions of the Same Title

9781138792135: Complex Adaptive Innovation Systems (Regions and Cities)

Featured Edition

ISBN 10:  1138792136 ISBN 13:  9781138792135
Publisher: Routledge, 2014
Softcover