Headlines 2016

Sweden as a knowledge-driven economy: “Quite possible – but not inevitable"

2016-06-15

Anne-Marie Hermansson, Senior Professor at Chalmers University of Technology, Magnus Henrekson, IFN, Olof Zaring, Göteborg School of Business, and Madelene Sandström, CEO of the Foundation for Knowledge and Competence Development.

Entrepreneurial ecosystem iss the theme of an anthology presented by Esbri on Wednesday. Magnus Henrekson has together with Pontus Braunerhjelm authored the chapter " "Från utbildning, forskning och innovation till växande företag och stigande välstånd" (From education, research and innovation to growing businesses and growing prosperity). He explained that government should not, as in the recent IT bubble, "throw money" at businesses. That has proven to be expensive for taxpayers.

"Anyone who cares about a good future prosperity can’t rely on a number of powerful entrepreneurs to create jobs and good income for all of us. However, there are significant opportunities to increase prosperity by improving the conditions for productive entrepreneurship," write Braunerhjelm/Henrekson.

The book discusses such problems as: How do we best support the innovation processes? How can we train entrepreneurs to grow? How can academia and industry collaborate? And what should the future university look like?

Braunerhejlm and Henrekson argue that the Swedish self-image as a future knowledge-driven economy is achievable. Though, this requires an economic policy based on two pillars:
 

Knowledge of critical mass, created by means of strengthened education, enhanced quality of university research and innovation efforts as well as a long-term research policy.
 

Transformation to public economic advantages, which requires effective knowledge and technology transfer, a tax system that is based on an entrepreneurship and innovation perspective, a reasonable regulatory burden for companies, competition and free trade, competitive clusters and an expanded
infrastructure.

“Without this understanding the vision of Sweden as an innovative and entrepreneurial economy will crumble!” explain Pontus Braunerhjelm and Magnus Henrekson.

Read the book

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