Innovation systems and network formation for local development

Abstract

The concept of a local knowledge management network is presented as a basis for Local Innovation Systems. Networks are seen as a way to incorporate links and interactions that make possible the existence of external economies and increasing returns at the local, regional and national levels. In this sense, the increasing recognition that networks have is based on the idea that, regardless of the amount of information and codified knowledge produced by a society, there is no link between the total amount of codified knowledge and the various competences (tacit knowledge) embodied in individuals and organizations, the country will not be able to capture the productive impulse of knowledge and translate it into innovation and a path of stable development.