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International DevelopmentIdeas, Experience, and Prospects$
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Bruce Currie-Alder, Ravi Kanbur, David M. Malone, and Rohinton Medhora

Print publication date: 2014

Print ISBN-13: 9780199671656

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199671656.001.0001

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Innovation for Development

Innovation for Development

(p.599) Chapter 35 Innovation for Development
International Development

David Brook

Caitlyn MacMaster

Peter A. Singer

Oxford University Press

Science and technology have contributed to development through improved food production, enhanced nutrition, improved health, longer lives, and many other areas. Over the past fifty years, thinking has evolved from seeing innovation as something spontaneous and exogenous to development efforts, to seeing it as something to be consciously fostered and directed toward the achievement of particular objectives. In so doing, the range of mechanisms for encouraging innovation has expanded from simply funding ideas and infrastructure to also embracing strategies to develop specific products and services and enable specific outcomes and impacts. This change is driven, at least in part, by pressure to reach beyond the public sector to mobilize private finance and effort, and shift risk away from governments. To date, this broad range of mechanisms has been understood as a set of disparate, sometimes conflicting strategies. The authors offer a framework which describes how these strategies complement each another.

Keywords:   innovation, incentives, advanced market commitments, pay-for-performance, social finance, private sector

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