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The vast literature of systems of innovation is rich in theoretical and empirical studies about the complexity and institutionally-embedded processes of interaction and learning. So far, however, this literature has not studied in a comprehensive manner the nature and types of strategic choices that public actors in systems of innovation are facing given the ever-changing social, economic and technological contexts. This paper undertakes a first step designing an analytical model to address this fundamental issue. The specific point of departure is the set of challenges that the process of globalisation has been posing to systems of innovation in industrialised and developing countries, past and present.
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