Economics of Innovation - Paper
Submitted to Compete Caribbean Academic Course Leads: September 17, 2023
A Caribbean regional innovation system for the botanical sector offers unique opportunities for inclusive and sustainable social and economic development and growth and can contribute to addressing concerns and unearthing opportunities around climate action, public health and wellness, environmental and cultural preservation, food security, intellectual property, and economic integration and cooperation across the region.
This paper reviews economic, trade, academic, and other data across multiple sources, filtering it through a creative, future-focused lens. It highlights the opportunity and value of a regional botanical innovation system (frame 3) and recommends the design of a strategic policy mix of instruments and interventions that could have transitory and permanent effects for individual jurisdictions and the region in general.