Complex Adaptive Innovation Systems - 9781138792135

Name: Complex Adaptive Innovation Systems - 9781138792135
Brand: Taylor & Francis

Taylor & Francis

Complex Adaptive Innovation SystemsRelatedness and Transversality in the Evolving Region\nAuthor(s): Philip Cooke\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138792135, 978-1138792135\nSynopsis\nLeading up to the financial crisis of 2008 and onwards, the shortcomings of traditional models of regional economic and environmental development had become increasingly evident. Rooted in the idea that policy is an encumbrance to free markets, the stress on supply-side smoothing measures such as clusters and an over reliance on venture capital, the inadequacy of existing orthodoxies has come to be replaced by the notion of transversality.\n\nThis approach has three strong characteristics that differentiate it from its failing predecessor. First, as the name implies, it seeks to finesse horizontal knowledge interactions as well as vertical ones, thus building platforms of industrial interaction. Secondly, it is not a supply, but a .