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August 23, 2022

What is the nature of innovation in developing economies and what can be pointed as its main challenges?

Read the following papers, and then answer comprehensively to the three questions below:

– Paper1: (Cirera and Maloney 2017. Chapter 2 of the book “The Innovation Paradox”) https://openknowledge.worldbank.org/bitstream/hand…

– Paper2: Fagerberg 2004. Innovation: A guide to the literature.

Questions:

1.How can innovation be defined and characterized?

2.What is innovation based on and how does it relate to economic development?

3.What is the nature of innovation in developing economies and what can be pointed as its main challenges?

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