Innovation Policy in Brazil

1109 Words4 Pages
As technological globalization advances and technological change progresses more quickly than ever in the past, one of the central dimensions to gain an understanding of how Latin American countries are posed to answer to these new challenges concerns changes in their science and innovation policy. Developing cohesive innovation policies is one of the key challenges Brazil faces as the country strives to emerge in the global economy characterized by quick progresses because government decision may either encourage or hinder the Brazilian NIS . By looking at the recent developments in the Innovation Policy framework in Brazil, the technological efforts are clear but emerges that the problem with innovation in Brazil is the added costs associated with the country’s weak institu¬tional framework and poor legal enforcement. The roots of Modern Brazil Innovation policy system starts during Cold War. In 1951 Brazil sees the creation of two national agencies, the National Research Council, CNPq (today called National Council for Scientific and Technological Development) – and CAPES with the responsibility to coordinate the programs of postgraduate education. The system is consolidated later on with the inauguration of Brazil’s innovation agency (FINEP) in the 80s and the creation of FUNTEC the Brazilian national fund for science and technology. Until the '90s, the Science and Technology (S&T) policy in Brazil focused a lot on the development of infrastructures for research
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