The Triple Challenge for Europe: The Economy, Climate Change, and Governance

Jan Fagerberg; Staffan Laestadius; Ben R. Martin

Innovation, Economic Development and Policy

Selected Essays

Jan Fagerberg

This authoritative and enlightening book focuses on fundamental questions such as what is innovation, who is it relevant for, what are the effects, and what is the role of (innovation) policy in supporting innovation-diffusion? The first two sections present a comprehensive overview of our current knowledge on the phenomenon and analyse how this knowledge (and the scholarly community underpinning it) has evolved towards its present state. The third part explores the role of innovation for growth and development, while section four is concerned with the national innovation system and the role of (innovation) policy in influencing its dynamics and responding to the important challenges facing contemporary societies.

Monograph Book

Published in print:: 27 Apr 2018

ISBN:: 9781788110259

eISBN:: 9781788110266

DOI:: https://doi.org/10.4337/9781788110266

Pages:: c 432

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Chapter 18: The Triple Challenge for Europe: The Economy, Climate Change, and Governance

Jan Fagerberg, Staffan Laestadius and Ben R. Martin

Monograph Chapter

Published in print:: 27 Apr 2018

DOI:: https://doi.org/10.4337/9781788110266.00027

Pages:: 384–410 (27 total)

Collection: Economics 2018

Abstract

Europe is confronted by an intimidating triple challenge—economic stagnation, climate change and a governance crisis. What is required is a fundamental transformation of the economy to a new "green" trajectory based on rapidly diminishing emission of greenhouse gases, the authors contend. Much greater emphasis on innovation in all its forms (not just technological) is an answer. Following this path would mean turning Europe into a veritable laboratory for sustainable growth, environmentally as well as socially.

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