This paper aims to be a very preliminary effort to contribute to a better understanding of the interaction among innovation, competition and intellectual property policies from an evolutionary- developmental perspective. As such, it seeks to build a more coherent framework within which the discussions of both institution building and policy design for development can proceed. In order to accomplish that, the paper introduces the concept of ―Knowledge Governance‖ as an alternative analytical and policy- oriented approach, and suggests that from a public policy/public interest perspective, and within an evolutionary framework, it is a better way to address the issues and problems concerning the production, appropriability and diffusion of knowledge.