As a result of globalization, strategies for investments in innovation capabilities have gained considerably in importance for businesses, research institutions and policymakers. Public policy has to provide conditions for investments in R&D and innovation that are internationally attractive and effective in stimulating innovation, economic growth and job creation. This book focuses on the changing roles and challenges of innovation and growth policy, and the strategies and measures that are critical in a globalizing world. It provides guidance for innovation policy strategy formulations and design of innovation policy measures.Globalization and the innovation imperative towards sustained economic growth require a major renewal and deepening of public policy thinking and strategies. This book focuses on these policy challenges, and the policy strategies and measures that are critical for innovation and growth in a globalizing world. Topics include: globalization and offshoring of software, the multilateral trading system and competition, innovative entrepreneurship, research frameworks and innovation awards, the globalization of converging nanotechnologies, and the relationship between knowledge and innovation.Science and technology policy makers, university professors and graduate students in public policy, innovation, business and economics will find much of value in this book.