Abstract
Innovation is a crucible of progress that determines almost every parameter linked to the dynamic of progress, profitability and cost cutting. It is the ability to innovate and the speed with which the outcomes of innovation fructify that determine how far outward a nation can push its frontiers of progress. Innovation does not pertain merely to technological advancement; it includes innovative endeavor that occurs in an entire gamut of spheres—social, financial (including banking), managerial, educational, and so on.
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© 2013 Piya Mahtaney
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Mahtaney, P. (2013). Exploring the Link between Innovation and Development. In: Globalization and Sustainable Economic Development. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137024992_10
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DOI: https://doi.org/10.1057/9781137024992_10
Publisher Name: Palgrave Macmillan, New York
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