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Innovation

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Palgrave Dictionary of Emerging Markets and Transition Economics

Abstract

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.

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Authors
  1. Jutta Günther
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Editor information

Editors and Affiliations

  1. Bournemouth University, UK

    Jens Hölscher (Professor of Economics and Head of Department) (Professor of Economics and Head of Department)

  2. Freie University Berlin, Germany

    Horst Tomann (Jean Monnet Professor for European Economic Policy) (Jean Monnet Professor for European Economic Policy)

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© 2015 Jutta Günther

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Günther, J. (2015). Innovation. In: Hölscher, J., Tomann, H. (eds) Palgrave Dictionary of Emerging Markets and Transition Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-37138-6_19

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