This book presents a ground-breaking account that shows how the public sector must adapt, and persevere, in order to advance technology and innovation.

Innovation has become vitally important to states across the world; from self-driving cars to smart grids, governments are experimenting with new technologies to significantly change the way we live.

Rainer Kattel, Wolfgang Drechsler and Erkki Karo explore how public bodies pursue innovation, looking at how new policies are designed and implemented. Spanning Europe, the US, and Asia, the authors show how different institutions finance new technologies and share cutting-edge information. They argue for the importance of ‘agile stability’, demonstrating that in order to successfully innovate, state organizations have to move nimbly like start-ups and yet ensure stability at the same time. Especially in light of the COVID-19 pandemic, governments need both long-term policy and dynamic capabilities to handle crises.

Discussions will be held in English.

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