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Entrepreneurship and Innovation

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Entrepreneurship in Emerging Economies

Abstract

Interest in the relationship between entrepreneurship and innovation can be attributed to the important role that the latter plays for both enterprises and national economies. For the emerging economies application of innovations to spur economic development should be viewed as the most promising approach in an attempt to narrow the distance that remains between them and global economic leaders. Knowledge of innovation processes taking place in enterprises is paramount for the implementation of a macroeconomic development policy. Does the “advantage of backwardness” apply to the global context at the turn of the 21st century? How can emerging economies make the best use of the entrepreneurial and innovative potential of their societies? Which innovative strategies work best for companies from emerging economies striving to catch up with global leaders? These issues and dilemmas shall be addressed in Chapter 6.

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Notes

  1. 1.

    In economic theory, public goods are those which meet two conditions. Firstly, their consumption by one entity does not limit the consumption possibilities of other entities. Secondly, unauthorized entities cannot be excluded from benefiting from such goods. Goods that fulfil only one of these conditions are club goods and common-pool resources.

  2. 2.

    Spillover effects are a particular type of externality, which—in economics—refers to side-effects that the activity of an economic entity has on the general public, and which are not included in the economic calculation of economic agents performing such activity. Generally, economists focus on negative effects, for example the effects of environmental pollution caused by a business establishment that does not bear the costs of it. Spillover effects of technology diffusion have a positive impact on the economy.

  3. 3.

    A distinction is made in the extant literature between academic “spin-offs”, which maintain capital and organizational ties with the parent institution, and “spin-outs”, where such links do not exist.

  4. 4.

    K. Domarecki, speech at the Polish Enterprise Development Agency Conference “Dawn of innovative society”, Warsaw 8 March 2013.

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Authors and Affiliations

  1. Center for Entrepreneurship, Kozminski University, Warsaw, Poland

    Jerzy Cieślik

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  1. Jerzy Cieślik
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Cieślik, J. (2017). Entrepreneurship and Innovation. In: Entrepreneurship in Emerging Economies. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-41721-9_6

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