Advertisement

The Meaning of Innovation and Entrepreneurship in Developing Countries

  • Gökhan Çapoğlu
Part of the International Studies In Entrepreneurship book series (ISEN, volume 21)

Abstract

The meaning of innovation and entrepreneurship and policies to promote innovation differ across groups of developing countries. On the one hand, there is a small group of countries such as China, South Korea, Brazil, and Mexico which has achieved a certain stage of capitalistic development that provides an institutional environment for encouraging innovation and entrepreneurship. On the other hand, there is a large group of countries in Africa and Asia as well as in Latin America which lacks the critical level of capital accumulation even for sustainable development let alone for the growth of innovation and entrepreneurship. There is also a group of countries such as India with a world-class high-technology clusters developing in the midst of increasing poverty. That is, a generalization of policy proposals will fail to address the specific needs of country groups with different institutional characteristics. Appropriate government policies need to be designed to address specific needs of different country groups.

Keywords

Venture Capital Capital Accumulation Institutional Structure Social Entrepreneurship Country Group 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Capoglu G (1991) Prices, Profits, and Financial Structures: A Post-Keynesian Approach to Competition. Edward Elgar, Aldershot.Google Scholar
  2. Dennis KG (1977) Competition in the History of Economic Thought. Arno Press, New York.Google Scholar
  3. Kortum S, Lerner J (2003) Venture Capital and Innovation: Clues to a Puzzle. In: McCahery J., Renneboog L. (eds.) Venture Capital Contracting and the Valuation of High-Technology Firms. Oxford University Press, Oxford and New York.Google Scholar
  4. Solow R (1957) Technical Change and the Aggregate Production Function. Review of Economics and Statistics V. 39.Google Scholar

Copyright information

© Springer Science+Business Media, LLC 2009

Authors and Affiliations

  • Gökhan Çapoğlu
    • 1
  1. 1.Kizilcaşar MahallesiAtilim UniversityAnkaraTürkiye

Personalised recommendations