In this review, the Nordic countries look at the next steps required for meeting the challenges of staying competitive in a global knowledge and innovation driven economy.
Competition in a global knowledge economy means among other things that knowledge increasingly becomes a commodity, which can be sourced from anywhere around the world. The Nordic countries have been among the first to internationalise their national innovation systems. They have done so by setting up international innovation centres and technology offices in global innovation hot spots such as Silicon Valley, Shanghai, Beijing, St. Petersburg, Münich and Tokyo. The report suggests that the Nordic countries pool some of their resources and test out the potential gains from co-operation between their existing national export promotion and technology and innovation offices in Asia. Moreover, the report suggests that the next generation of innovation policies will be on the theme of open innovation and how to manage global sourcing of knowledge. The report is interesting reading to any individual interested in the new movements in innovation policies and globalisation.