Current debates on Innovation
It is now well established in the literature that innovation constitutes a key process underpinning economic change within capitalism. This broad consensus does not however imply that there is a single perspective that informs policy thinking on innovation. Rather what has been evidenced over the preceding decades is the emergence of diverse interpretations that however retain resonance with the general appreciation that “…a national system of innovation can only be judged as healthy if the knowledge, technologies, products and processes produced by the national system of science, engineering and technology have been converted into increased wealth, by industry and business, and into an improved quality of life for all members of society”