Two Strategies for Innovation and Growth in Asia and the Pacific

Publication | October 2022

Governments should intensify policies that establish a strong patent system and improve technological transfer and commercialization.

Key Points
  • Innovation plays a critical role in resilient and sustainable economic growth.
  • Patents and innovation public procurement can be effective instruments to drive innovation and growth without excessive fiscal burdens.
  • Asia’s patent systems have both opportunities and challenges. Governments should intensify policies that establish a strong patent system and improve technological transfer and commercialization.
  • The role of public procurement is expanding to achieve strategic objectives and government priorities. Innovation public procurement can promote the government as the first buyer of innovative products and services.
  • Strong political support can address the challenges of public procurement reforms, including risk aversion.

Additional Details

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Subjects
  • Economics
  • Governance and public sector management