Speaker | Prof. Charles Weiss, Retired Distinguished Professor, Science, Technology and International Affairs, School of Foreign Service, Retired Distinguished Professor, Georgetown University, Visiting Scholar at AAAS Center for Science Diplomacy |
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Time | July 27, 2016 5:45pm - 7:30pm (Doors open at 5:25pm) |
Venue | National Graduate Institute for Policy Studies, 1st Floor, Room 1AB (ACCESS) |
Sponsor | GRIPS Innovation, Science and Technology Policy Program (GIST) |
Language | English |
Fee | Free (Pre-registraion required) |
Document | Presentation Slides |
Entrenched, well-defended "legacy sectors" that make up more than half of the U.S. economy resist technological innovations that could stimulate growth, create employment, improve security and benefit public health and the environment, but would upset prevailing business models. These sectors include fossil fuels, industrial agriculture, inter-state transmission of electricity, health delivery, transport, buildings, higher education and manufacturing.
Vested interests in these and other legacy sectors resist disruptive innovation by taking advantage of market imperfections and economic, political, social, legal and cultural paradigms, which together create incentives for producers that may be inconsistent with broader social goals. The obstacles to innovation in each individual legacy sector are well known to specialists but their common features have not received sufficient attention from students and practitioners of overall innovation policy.
Encouraging innovation in legacy sectors requires an orchestrator of change, backed and protected by high-level enablers, who will not only support research and development, but will also stimulate the creation of a thinking community, identify and address gaps in the innovation system, and develop programs, policies, incentives and regulatory regimes to overcome obstacles to innovation anywhere from research to market launch. The conception and implementation of the new network of U.S. manufacturing institutes and of the Advanced Research Projects Agency-Energy (ARPA-E), illustrate this process.
Extending these ideas to the national level, we propose the concept of the "national context of innovation" and argue that it is at least as important in encouraging and determining the direction of innovation as is the more familiar national innovation system of research and development laboratories, universities, innovative firms and laws for the protection of intellectual property. The national innovation context has economic, political, legal and cultural dimensions - as, for example, the business climate, demography, attitudes toward novelty, risk and failure, the flexibility of markets for labor and capital and the presence or absence of regulatory capture in key industries.
*Slight modifications were added to the title and the overview on July 13.