This series of books brings together results of an extensive research programme on aspects of the national systems of innovation in the five BRICS countries – Brazil, Russia, India, China, and South Africa. It provides a comprehensive and comparative examination of the challenges and opportunities faced by these dynamic and emerging economies. In discussing the impact of innovation with respect to economic, geopolitical, socio-cultural, institutional, and technological systems, it reveals the possibilities of new development paradigms for equitable and sustainable growth.
This volume analyses the financing of science, technology and innovation in the BRICS economies. It highlights the importance of institutional coordination and the influence of implicit policies on the extent to which capital markets may contribute to innovation financing. It stresses the role of state development banks and similar organisations in promoting high-risk and long-run building of innovative capacities with respect to development strategy. Original and detailed data, together with expert analyses on wide-ranging issues, make this book an invaluable resource for researchers and scholars in economics, development studies and political science, in addition to policy-makers and development practitioners interested in the BRICS countries.
‘Preserving national autonomy and the possibility of continued growth requires a new look at the interface between macroeconomic, industrial, commercial and innovation policies . . . This book offers pioneering and fundamental contributions for this process and related discussion by focusing on one of its central issues: accumulated know-how on financing scientific, technological and innovation activities in the BRICS countries.’ — Luciano Coutinho, President of the Brazilian Development Bank (BNDES)
Foreword Luciano Coutinho. Preface. Acknowledgements. Introduction: BRICS National Systems of Innovation Jose É. Cassiolato and Maria Clara Couto Soares 1. The Financing of Innovation Michael Kahn, Luiz Martins de Melo and Marcelo G. Pessoa De Matos 2. Innovation, Finance and Funding in the National System of Innovation: The Brazilian Case Luiz Martins de Melo and Márcia Siqueira Rapini 3. The Russian Federation Natalia Gorodnikova 4. India Sunil Mani 5. China Jian Gao and Xielin Liu 6. South Africa Michael Kahn.