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Published in:
2015 | OriginalPaper | Chapter
Innovation
Author : Jutta Günther
Published in: Palgrave Dictionary of Emerging Markets and Transition Economics
Publisher: Palgrave Macmillan UK
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This chapter highlights innovation in a Schumpeterian sense. It refers particularly to new products and production processes as the most important types of innovation in economic literature. The theoretical concept of national innovation systems offers the framework for discussing the role of heterogeneous actors, their cooperation, and institutions in innovation processes. The chapter refers to the role of innovation and technology for economic development in emerging and transition economies. It concludes with a discussion of innovation in catching-up processes and the hint that economic as well as societal factors matter.