The central role that business innovation, the introduction and invention of new products, technologies, business processes, and ideas in the market, plays in economic growth is almost uncontested. Innovation drives the Schumpeterian process of creative destruction and can facilitate economic convergence for the countries farther from the frontier (Schumpeter 1942). Innovation is the critical ingredient in historical accounts of how countries achieve...
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DETAILS
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2020/02/01
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Publication
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145967
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2
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2020/02/18
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Disclosed
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Summary
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innovation policy
Citation
A Practitioner’s Guide to Innovation Policy : Instruments to Build Firm Capabilities and Accelerate Technological Catch-Up in Developing Countries (Vol. 2 of 2) : Summary (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/392241582056075720