On the Potential of the Bioeconomy as an Economic Growth Sector

Fresh economic data on industrial value chains suggest that the existing industrial structures of the Bioeconomy do not show promise of short-term growth. Pursuing public policies to promote the Bioeconomy will not be a quick fix to an urgent problem such as the lackluster Finnish economy. Building an entire industrial ecosystem with its complex web of value chains is viable only as a patient long-term strategy. Government policies indeed need to be designed by leveraging promising weak signals from the economy, to reasonably assure the viability of their outcome or impact. In comparison to the Bioeconomy, economic signals from ICT-driven ecosystems such as Smart Grid and Smart Mobility indicate the emergence of new industry structures

Date: 18.01.2016
Pages: 6
Language: English
ISSN: 2323-2463
ETLA Muistio – ETLA Brief 43