Institutions, Innovation and Development… now

May 13, 2009

A few days ago, I joined the Workshop Institutions, Innovation and Development. I missed some sessions, but overall I can say it was an outstanding activity. I enjoyed the paper of Lundvall et al. on how looking at the systems of innovation, this was presented by Cristina Chaminade (she’s from Spain too!). The following discussion seemed very stimulating too.
Also J. Fansberg made an engaging presentation of his findings, linking the relationship between some indicators and economic development. Education, Finance, Tech, and other usual suspects were there. Two that seemed interesting to me were the importance of social cohesion (trust, tolerance, civic engagement, etc.) and that “openess to trade” has no relationship with economic development. As he said that’s a blow to the Washington Consensus. There were other geographical and sociological indicators that I would not mention until are published. But I would say that they were quite controversial.
Overall there were good presentations as you can see in the link I provided above. But probably the best one was the one form Carlota Perez. (another Spanish one!, ok Venezuela)
She focused on the financial crisis linked to her famous techno-economic paradigms. I included some of these graphs in a paper conference I participated a year ago. It’s still so relevant that I’m going to put her whole presentation, this was for and ICT conference in San Francisco. The one she did last week in this workshop focused more on the financial aspects, such as the “financial casino” vs. “real wealth creation”. As J. Fansberg pointed out, it can not be a coincidence that we have at the same time all these crises all across the public and private sector, including for example the car industry. We’re in a turning point in history. You can see slides 24-27 to better have a picture.

2 Responses to “Institutions, Innovation and Development… now”

  1. […] I think they’re guilty is on not having told their student enough about economic cycles (see my previous post to get an idea). That businesses and economies come and go, surge and plunge. I have several friend in the US and […]

  2. Marcelo Says:

    Hello Carlos! Nice words here! Some very interesting insights coming from this reading.

    I replied to your comment on my blog so we can discuss a bit further my post if you’d like. Here’s the link:

    Thanks and congratulations on your blog!

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