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(Introduction (seeking ’smart’ innovation (’fixing market failures‘…
Introduction
societal challenges
youth unemployment
obesity
climate change
ageing
rising inequality
r
equire policymakers to ‘think big’
technologies
soci-economic
require behavioural and systemic changes
ranging from to biotechnology and nanotechnology
learn from ‘mission-oriented’
seeking ’smart’ innovation
not only the ‘rate’ of innovation，but also envisioning its ‘direction
’
’fixing market failures‘
more‘inclusive’
‘risk’ and ‘reward’
more inclusive and sustainable
t
he role of government
de-rsiking
facilitating
Beyond market failures
Market failure theory
Negative externalities
Information failures
Public goods
Imperfect competition
coordination failures