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Aware that the successful management of innovation might be a cornerstone in solving the problem of industrial growth in both the market and planned economies, the members of IIASA&apos;s Innovation Management Task held a task force meeting on &quot;Innovation and Industrial Strategy&quot; in 1980. This paper is the completely revised version of my contribution to this meeting. It gives an overview of the problem of innovation and industrial growth at the global, national, and sectoral levels from the standpoint of our findings in innovation research.</abstract>
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