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🏛️ Why Some Regions Flourish While Others Fail | National Innovation Systems Innovation doesn’t happen in a vacuum—it requires a complex "biotope" of interacting players. In this video, we explore how National and Regional Innovation Systems (NIS & RIS) shift the focus from simple R&D spending to a holistic process involving the entire economy. Why do places like Silicon Valley or the Tokyo-Yokohama corridor thrive? It’s all about the system. 🔍 What You’ll Learn The Triple Helix Model: Explore the essential "tripod" of Government, Business, and Universities and how their overlap creates a knowledge-based society. The Power of Institutions: Why societal norms, habits, and rules are the primary determinants of how agents relate, learn, and perform. Inclusive vs. Extractive Institutions: See the evidence—regions with inclusive institutions (like those following the Code Napoléon) historically produced 2.5x more high-tech patents. Regional Dynamics: Why geographical proximity still matters in a digital world for building trust and transmitting tacit knowledge. The Adapted Chain-Linked Model: Why innovation is an interactive process with constant feedback loops between research, design, and the market. Global Innovation Systems (GIS): How industries like Solar Photovoltaics now operate through transnational networks spanning from the US to China. 💡 Key Concepts Covered Knowledge as a Public Good: Why governments must fund basic research through taxes to bridge the investment gap. The University-Business Axis: How spin-offs, science parks, and the Bayh-Dole Act turned labs into market engines. Innovation System Functions: From market formation to creating "legitimacy" for radical new technologies. The Digital Layer: How modern Big Data reveals how innovative firms collaborate across regional borders on the web. 🎓 Who Is This For? Whether you are interested in Economic History, Regional Development, or Corporate Strategy, this video explains the "systemic" nature of modern technological progress and why policy is the engine of growth. 🏷️ Searchable Keywords #InnovationSystems #TripleHelix #EconomicGrowth #ResearchAndDevelopment #PublicPolicy #RegionalDevelopment #NationalInnovationSystem #Economics #InclusiveInstitutions #BayhDole #EconomicHistory