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Lookup NU author(s): Dr Jungho KimORCiD
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).
While innovation-led economies enjoy significant growth rates, they often suffer from rising social inequities. Inclusive innovation policies are government interventions designed to address such inequities, including place-based ones. Because place-based inclusive innovation could have differential effects related to different spatial levels—for example increasing inter-regional but reducing intra-regional equity simultaneously—the impact of innovation-driven place-based policies on three spatial levels should be considered: international, inter-regional, and intra-regional. Furthermore, we contend that to achieve “balanced equalities”—that is to improve equity on both inter- and intra-regional spatial levels—it is necessary to consider not just social equity, but also economic and political perspectives. From a policy standpoint, advancing this goal requires answering the questions of where governments should invest and what to invest in. Employing Israel and South Korea as illustrative case studies, we show that focusing the government’s innovation investment on large, yet peripheral, cities and balanced investment in firms and people are plausible answers to these questions.
Author(s): Lee K, Kim J, Zehavi A
Publication type: Article
Publication status: Published
Journal: Industrial and Corporate Change
Year: 2026
Volume: 35
Issue: 1
Pages: 243–260
Print publication date: 01/02/2026
Online publication date: 09/01/2026
Acceptance date: 05/11/2025
Date deposited: 22/01/2026
ISSN (print): 0960-6491
ISSN (electronic): 1464-3650
Publisher: Oxford University Press
URL: https://doi.org/10.1093/icc/dtaf056
DOI: 10.1093/icc/dtaf056
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