High long-term inflation, high interest rates and repetitive crises for more than 25 years have been significant disincentives for innovation.
However, since its economic crisis in 2001, it has experienced dynamic growth and rapid recovery and, with a GDP of over E370bn today, its economy is among the world’s 20 largest.
According to the European Innovation Scoreboard (EIS) 2007, Turkey is one of the lowest-ranking countries in most of the indicators. But, the very poor availability of data prevents the generation of a reliable summary innovation index of the EIS and the identification of trends. In general, with the available data, although Turkey’s overall performance is below that of EU Member States, it has a stronger performance than some Member States on knowledge creation. Since the early 2000s, it has increasingly attached importance to investment in science, technology and innovation.
Main innovation challenges
With the governement’s increased commitment to science, technology and innovation and the recent improvement of macroeconomic conditions, there is a new initial impetus to Turkish innovation policy. However, it needs to increase the number and diversity of innovation measures and focus the policy mix strategically on priorities in order to increase innovation performance. There are also weaknesses to be addressed in innovation governance.
The following policy actions are proposed:
Added 29 October 2009 in category Innovation EU Vol1-1
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Tags: Collaborative Europe, EIS, innovation, technology