Template-type: ReDif-Paper 1.0 
Author-Name: Zuniga, Pluvia
Author-Email: zuniga@merit.unu.edu
Author-workplace-name: UNU-MERIT, and OECD
Title: Innovation System in Development: The Case of Peru 
Abstract: Despite an exceptional economic performance achieved over the last decade,
	 Peru still lags behind other middle-income Latin American economies in terms
	 of per capita income and productivity. The Peruvian economy remains relatively
	 undiversified, largely dependent on natural resources. The nationalinnovation
	 system is under development, weakly integrated, and underfunded, with few
	 incentives for its actors to engage in innovation activities and collaborate
	 with others. This note summarises the current state of innovation in Peru and
	 reviews the capacity of the innovation system to generate new competitive
	 advantages in industry. It briefly discusses policies and policy gaps in research
	 and innovation and benchmarks national innovation competences to other relevant
	 economies, based on available indicators and surveys. Following a sequential
	 approach, a strengthened policy agenda for innovation should tackle fundamental
	 weaknesses of the innovation system and set the basis for its expansion and a better
	 articulation. Examples of policy actions to improve research performance and
	 business innovation are provided. The paper concludes with suggestions for
	 reforming the innovation system and provides examples of policy actions.
Keywords: innovation system, development, Peru, emerging countries, innovation policy
Classification-JEL: O14, L52, L60, L26, O32, O57
Series: UNU-MERIT Working Papers
Creation-Date: 20161026
Number: 2016-058
File-URL: https://unu-merit.nl/publications/wppdf/2016/wp2016-058.pdf
File-Format: application/pdf
File-Size: 275 kb
Handle: RePEc:unm:unumer:2016058