By Elias G. Carayannis, Urmas Varblane, Tonu Roolaht
In numerous elements of the area, international locations are present process fiscal, social, and political transitions, improved and speeded up via the forces of globalization. those transition economies can function laboratories for figuring out the innovation method. This quantity positive factors unique theoretical and empirical examine. It bargains the 1st finished view of innovation procedure improvement within the context of small catching-up economies. Smallness, direction dependency, and latecomer prestige of such economies create a few inherent boundaries for his or her innovation platforms, yet those detailed features can supply merits to boot.
For instance, smallness is frequently comparable with elevated flexibility and shorter response instances, whereas latecomers can take advantage of prior reports in their extra complex acquaintances. Path-dependency highlights the truth that the innovation procedure improvement approaches are significantly stimulated through the earlier event of a selected nation or zone.
By incorporating those beneficial properties into an built-in research, the authors handle such questions as:
· What distinctive positive factors signify the innovation approach improvement in small catching-up economies?
· What are the motives for innovation luck or failure?
· How do organizational features and internationalization traits relate to corporation point innovations?
· what's the function of human capital and social components within the innovation process?
· How can quite a few guidelines help innovation in an built-in demeanour?
Drawing from examine approximately Europe, Asia, and Latin the US, the authors supply readers with a systemic view of the innovation process improvement in small catching-up economies. They speak about the original good points of this improvement and give a contribution to an in-depth figuring out of assorted determinants and their affects at the innovation approach. The coverage implications will supply a suite of normative directions for boosting innovation approach improvement.
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Additional info for Innovation Systems in Small Catching-Up Economies: New Perspectives on Practice and Policy
Sample text
1999: 8; Kattel et al. 2010: 79). There is no single theory within the NIS approach linking the macro- and microlevel (Mytelka and Smith 2002: 1477). A connection could be made on the basis of the functions of the innovation systems. One article integrating the macro- and micro-levels through an analysis of the linkages between the NIS and entrepreneurship approaches was by (Radosevic 2007). Focusing on the functional side of the innovation system helps to eliminate and/or diminish some criticisms of the NIS approach.
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