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RESUMO Um dos elementos mais marcantes desses primeiros anos do terceiro milenio motivou a elaboracao deste artigo: a busca por uma nova geracao de politicas para o desenvolvimento produtivo e inovativo, capaz de garantir a inclusao, equidade e sustentabilidade. A analise das politicas implementadas, no Brasil e no mundo, contribui para um aprendizado de alta relevância para a definicao de novas propostas para o desenvolvimento sustentavel, com maior capacidade de reconhecer e acolher as demandas das regioes menos desenvolvidas, com suas diversidades e especificidades, de forma a efetivamente reduzir desigualdades. Este e o objetivo central do capitulo: identificar o que aprendemos no Brasil, avaliar a experiencia especifica do BNDES e dar sugestoes para o aperfeicoamento das politicas praticadas. Palavras-chave: Inovacao; Politicas para inovacao; Arranjos e sistemas produtivos e inovativos; Financiamento ao desenvolvimento produtivo e inovativo e regional; BNDES.     ABSTRACT The writing of this paper was motivated by one of the most important elements of these first years of the third millennium: the search for a new generation of productive and innovative policies, designed in a way that ought to guarantee inclusion, equity and sustainability. The analysis of policies implemented, in Brazil and around the world, gave a relevant learning to design new sustainable development policies, with greater capacity to recognize and accept the less developed regions demands, considering their diversities and specificities, in order to reduce inequalities. This is the aim of this chapter: to identify what we learned in Brazil, to analysis BNDES’s specific experience and to give some clues for policies improvements. Keywords: Innovation; Local innovation and production systems; Development and innovation policy; Financing of  production; Innovation and regional development; Brazil; The BNDES.

Arranjos produtivos locais e a experiência do BNDES │ Local systems of innovation and the BNDES’s experience