As the fifth volume in a series of five books bringing together the results of intensive research on the national systems of innovation (NSI) in the BRICS countries – Brazil, Russia, India, China, and South Africa, this book analyzes the financing of science, technology, and innovation in the BRICS economies. Chapters emphasize the importance of institutional coordination and influence of implicit policies on the extent to which capital markets may contribute to the financing of innovation. It stresses the role of state development banks and similar organizations in promoting high-risk and long-run building of innovative capacities. Original and detailed data, along with expert analyses on wide-ranging issues, make this book an invaluable resource for researchers and scholars in economics, development studies, and political science, as well as policymakers and development practitioners interested in the BRICS countries.
Michael Kahn is an independent policy analyst as well as Professor Extraordinaire at the University of Stellenbosch, South Africa.
Luiz Martins de Melo is Associate Professor at the Economics Institute of the Federal University of Rio de Janeiro (UFRJ), Brazil.
Marcelo G. Pessoa de Matos is Adjunct Professor and a Senior Research Fellow at the Research Network on Local Innovation and Production Systems, UFRJ, Brazil.