The Nuts and Bolts of Innovation: New Perspectives on Irish Industrial Policy

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This book shows that there is an industrial policy in Ireland, but that many aspects of it may not be recognised as such. Many policies impact on enterprises in Ireland. The enterprises are of all kinds, large and small, public and private, in industry and services, the policies too are varied, from innovation to taxes, from banking to the environment. With suggestions as to where to begin, the authors call for the government to pinpoint the role and effect of all relevant policies and agencies. They show that the lack of strategic coherence results in wasted time, effort and money. This strategic coherence is all the more important in the aftermath of the financial collapse. Yet the solution is not to allocate more state funding to industrial policy. What is required is for policy makers and economists to think differently about the problem, to better understand the interactions among policies and to accept the systemic relationships between public and private sectors, and between innovation and development. Edited by Prof David Jacobson (Emeritus Professor of Economics at Dublin City University) and with a foreword by Prof Mariana Mazzucato (Reginald M Phillips Professor in the Economics of Innovation, University of Sussex and Author of "The Entrepreneurial State: Debunking Private vs. Public Sector Myths") this book is an important analysis of contemporary Irish industrial policy.