Abstract

This chapter summarizes the debate regarding further understanding concerning the concept of innovation, focusing on one of its most important developments: innovation and production systems and arrangements. Its central aim was to discuss the results for the purpose of adjusting current policies implemented in Brazil and, hopefully, throughout Latin America. It presents the BNDES’ experience involved in providing support for innovation, regional development and local innovation and production systems (LIPS), whilst addressing the main implications of policies that arise from the debate.

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