Investing in innovative and productive capabilities for resilient economies in a post-COVID-19 world

Fernando Santiago, Claudia De Fuentes, Jahan Ara Peerally and Jenny Larsen

International Journal of Technological Learning, Innovation and Development, 2020, vol. 12, issue 2, 153-167

Abstract: The COVID-19 pandemic continues to batter the world, with millions of positive cases, leading to more than 600,000 casualties by the end of July 2020. With the persistent threat of contagion, this sanitary emergency is turning a rapidly deteriorating economic situation into one of the deepest economic and social crises the world has ever experienced. Debates on the best approaches to reopen economic activities, on policies to foster a speedy and sustainable recovery, and on strategies to create the conditions necessary to address similar events in the future are pervasive. Based on pertinent lessons from history, in this paper, we advocate coordination, cooperation and investment in science, technology, productive and innovative capabilities, as strategic ingredients for addressing grand challenges and for building resilience. In responding to the COVID-19 pandemic, governments - particularly of developing countries - should retain these lessons and enact active strategies for implementing comprehensive and coordinated policies.

Keywords: COVID-19; capability building; innovation policy; industrial policy; developing countries; grand challenges. (search for similar items in EconPapers)
Date: 2020
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