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Sustainable Growth by Navigating Complexity Through Innovation and Adaptive Industrial Policies
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Author(s): Uzma Abbas (Dogra Law College, Jammu, India), Shalom Akhai (Maharishi Markandeshwar Engineering College, Maharishi Markandeshwar University, Mullana, India), Mahapara Abbass (Maharishi Markandeshwar Engineering College, Maharishi Markandeshwar University, Mullana, India), Sana Abass (Mahant Bachittar Singh College of Engineering and Technology, Jammu, India), Arti Chouksey (Deenbandhu Chhotu Ram University of Science and Technology, Murthal, India)and Amandeep Singh Wadhwa (University Institute of Engineering and Technology, Panjab University, Chandigarh, India)
Copyright: 2026
Pages: 54
Source title:
Industrial Policy, Innovation, and Complexity: Comparative Analysis, Trends, and Prospects
Source Author(s)/Editor(s): Manolis D. Tzouvelekas (Aristotle University of Thessaloniki, Greece), Grigorios Zarotiadis (Aristotle University of Thessaloniki, Greece)and Nikolaos Varsakelis (Aristotle University of Thessaloniki, Greece)
DOI: 10.4018/979-8-3373-1767-0.ch002
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Abstract
This chapter delves into the critical interplay between industrial policy, innovation, and economic complexity as the foundation for sustainable growth through long-term adaptability, competitiveness, and inclusive resilience. It reflects how today's economies function as dynamic, interconnected systems where innovation thrives through complex networks, feedback loops, and evolving capabilities. By comparing diverse policy approaches across developed and developing nations, this chapter emphasizes the needed for adaptable, inclusive strategies supporting both gradual improvements and transformative breakthroughs. It spotlights emerging forces like digital transformation, green technologies, and globalization, illustrating how forward-looking policies can harness complexity to build resilient, equitable economies ready to navigate rapid technological change and uncertainty. It advocates for designing industrial policies that foster innovation ecosystems grounded in social inclusion, environmental stewardship, and adaptive resilience for the challenges of the 4th Industrial Revolution.
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