Co-Evolution of Innovation Policy in Demark Term Paper

Co-Evolution of Innovation Policy in Demark - Term Paper Example Modern researchers who have tried to understand the correlation between Denmark’s innovation policy and industrial structure have come to conclude that a very central part of that country’s innovation policy has depended on the technology perspective of innovation. In this paper, the various roles that technology has played as an innovative tool and policy for Denmark shall be discussed. In doing this, various ways that the industrial structure and system of Denmark can management technology shall also be discussed. This means that the co-evolution of innovation policy and industrial structure in Denmark shall be taken from a technology perspective with technology management as the focus. When discussing the economic growth of nations and the input of their industrial and institutional sectors towards such economic growth, researchers always try to find a middle ground where the various challenges, changes, and improvements in the industrial and institutional sectors are measured with. This is done because industrial and institutional transformation does not happen in a vacuum or in isolation (quote). The middle grounding factor that is often linked up with; or otherwise attributed to the industrial transformation is what is referred to as co-evolution (quote). In the Danish case study of her industrial structure and institutional systems, therefore, the middle grounds that could be pointed to is the innovation policy. Most often than not, the term, co-evolution is used because the changes occur concurrently. In this scenario, therefore, we could be talking about innovation policies that went on just at the time Denmark was experiencing industrial structure transforma tion and institutional system changes. The need to always find a middle ground or a coordinated system is because such systems help in the monitoring process.