A good framework for investment in innovation can contribute to increasing Chile’s growth potential. Spending on R&D is … currently low in relation to GDP and heavily reliant on government financing. Innovation activity in the business sector is also … mining tax introduced in May 2005, and to create a National Innovation Council. The effectiveness of these measures will …

Brazil's main challenge in innovation policy is to encourage the business sector to engage in productivity … institutions. Innovation policy is beginning to focus on the potential synergies among science and technology promotion, R …&D support and trade competitiveness. To be successful in boosting business innovation, these policies will need to be …