ABSTRACT
It is surprising: industrial decline and economic growth based upon technological innovation both call, simultaneously, for attention. In addition, policy-making based on bargaining with interest groups, regulating the decline of sectors, is experienced. There are calls for state policies that are appropriate to foster future techno-industrial innovation. On the one hand established ways of policy-making continue and can be studied. On the other hand it is often argued that the participation of the interest groups is counter-productive and that state policies in this field have to be developed on a purely rational basis of scientific findings and economic opportunities. The state is expected to play an outstanding role in introducing techno-industrial innovation: (i) organizing academic research so that its structure and its techno-scientific progress serves the needs of innovation, (ii) organizing markets for new science-based products that are appropriate in
size to encourage the creation of new and innovative industries, and (iii) to create circumstances that are appropriate for general innovative potential of the nation’s industries and to provide the incentives for them to engage in fields that are regarded as being likely to be highly profitable.
