How do companies and governments respond to the changing landscape Flashcards
What are the main types of policies/instruments available for governments to use?
- Economic instruments
- Public Goods
- Cash/Information Generation
Examples of Economic instruments
- Import tarifs
- Export subsidies
- Tax credits
- FDI/ Investment Incentives
- Interest rates subsidies
Purpose of an economic instrument
ways the government can lower/ raise the financial burden on certain industries. Make competing as a foreign firm/ Importing more expensive.
Examples of public goods
- Export market information
- Training institutes
- Incubator programs
- Development bank lending
- Legislative change
Define a public good
a commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.
3 ways that Science, Technology & Innovation policy acts
- Knowledge Generation
- Knowledge Diffusion
- Knowledge Deployment
Examples of knowledge generation policies
- Competetive research grants
- Grants for collaborative R&D
- Block Funding
Examples of knowledge diffusion
- Specialised knowledge services
- cluster policies
- market intelligence services
- Technology matching services
Examples of knowledge deployment
- studentships and fellowships
- science and innovation councils
- catapult centres
UK industrial policy key components
- 5 Functions of productivity
- 4 Grand challenges
5 functions of productivity UK industrial policy
- PIPIB
- People
- Infrastructure
- Places
- Ideas
- Business Environment
4 grand challenges UK industrial Policy
- AI and Data Economy
- Future of mobility
- Clean Growth
- Ageing society
