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Another faction in the party took the failure of the Great Leap as proof that China must rely more on expertise and material incentives in developing the economy.
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An innovative idea that can be copied or used with no financial payment for its inventor may not materialise in the first place, as there is little incentive to invest in developing the idea.
The government made a substantial investment in human capital, which in turn gave other players, such as businesses, a strong incentive to participate in developing the innovation system.
Government incentives have undoubtedly played a role in developing the industry in India.
(Interview #27) Key informants underscored the role of economic incentives in developing support for the innovation and to propel scale-up.
Agricultural incentives in developing countries: Measuring the impact of sector specific and economy-wide policies on agricultural incentives in LDCs.
In this case the theory, ably argued by Center for Global Development CGDD) and others, was that PbR aligns incentives in developing country governments with development outcomes, and encourages innovation, since it does not specify how to, for example, reduce maternal mortality, merely rewards governments when they achieve it.
The report said taxes on multinationals had been "significantly reduced" through tax breaks and other incentives in developing countries.
There exist considerable incentives in developing appropriate prognostic and diagnostic methodologies for monitoring, analyzing, interpreting and controlling such abnormal events in complex systems and processes.
Thus, there exists considerable incentive in developing intelligent control systems that can provide automated operator assistance for supervisory control situations for complex process plants.
Countries that have succeeded in maintaining a relatively high level of price incentives and in developing public capital goods and services, have not suffered agricultural labour shortages compared to those that did not follow the same course of action.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com