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Insights into the forthcoming INNOVAlatino Report Latin America lags behind OECD economies when it comes to its innovation performance which impacts on its economic position and social well-being. Interesting and positive steps taken by Latin American public institutions and private businesses promise to improve innovation performance. These isolated measures need to be accompanied and leveraged by a broad innovation-policy agenda which includes sector, territorial and financial dimensions.
Despite its celebrated creativity and examples of innovation at the firm-level, traditional and non-traditional indicators show that innovation is weak in Latin America, which is reflected in poor productivity and, ultimately, slow economic growth. Several countries are building, or strengthening, their institutional frameworks for innovation policy, among others Argentina, Chile, Mexico and Brazil. In the private sector, many firms are developing innovating strategies to weather the crisis. But much work remains to be done. The first Innovalatino report will be published during the third quarter of 2010 and will draw on a variety of resources including:
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