Understanding Innovation In Emerging Economic Spaces

A small number of countries, regions, cities, and localities are powerful gatekeepers and generate the bulk of creative and innovative ideas, while the majority is largely excluded. This book looks at neglected, but emerging innovation centres analysed from various spatial and organizational perspectives; ranging from entire countries and regions to individual firms and small neighbourhoods. Bringing together leading scholars from various disciplines, it examines a variety of economic sectors including biotechnology, agrotourism, and the food retail industry. The authors employ various, often contradictory, concepts, ranging from local buzz and the global pipeline, through an analysis of collective learning processes to geographical embeddedness, using both qualitative and quantitative approaches. The purpose of the book is twofold: investigating changes occurring in the regions and cities under transformation and attempting to find common and unique mechanisms behind these changes. Consequently, the authors shed light on the scale and scope of the innovativeness of selected economic and social processes.

A small number of countries, regions, cities, and localities are powerful gatekeepers and generate the bulk of creative and innovative ideas, while the majority is largely excluded. This book looks at neglected, but emerging innovation centres analysed from various spatial and organizational perspectives; ranging from entire countries and regions to individual firms and small neighbourhoods. Bringing together leading scholars from various disciplines, it examines a variety of economic sectors including biotechnology, agrotourism, and the food retail industry. The authors employ various, often contradictory, concepts, ranging from local buzz and the global pipeline, through an analysis of collective learning processes to geographical embeddedness, using both qualitative and quantitative approaches.

A small number of countries, regions, cities, and localities are powerful gatekeepers and generate the bulk of creative and innovative ideas, while the majority is largely excluded. This book looks at neglected, but emerging innovation centres analysed from various spatial and organizational perspectives; ranging from entire countries and regions to individual firms and small neighbourhoods. Bringing together leading scholars from various disciplines, it examines a variety of economic sectors including biotechnology, agrotourism, and the food retail industry. The authors employ various, often contradictory, concepts, ranging from local buzz and the global pipeline, through an analysis of collective learning processes to geographical embeddedness, using both qualitative and quantitative approaches. The purpose of the book is twofold: investigating changes occurring in the regions and cities under transformation and attempting to find common and unique mechanisms behind these changes. Consequently, the authors shed light on the scale and scope of the innovativeness of selected economic and social processes.

Winner of Balsillie Prize for Public Policy Winner of Donner Prize A challenge to prevailing ideas about innovation and a guide to identifying the best growth strategy for your community. Across the world, cities and regions have wasted trillions of dollars on blindly copying the Silicon Valley model of growth creation. Since the early years of the information age, we've been told that economic growth derives from harnessing technological innovation. To do this, places must create good education systems, partner with local research universities, and attract innovative hi-tech firms. We have lived with this system for decades, and the result is clear: a small number of regions and cities at the top of the high-tech industry but many more fighting a losing battle to retain economic dynamism. But are there other models that don't rely on a flourishing high-tech industry? In Innovation in Real Places, Dan Breznitz argues that there are. The purveyors of the dominant ideas on innovation have a feeble understanding of the big picture on global production and innovation. They conflate innovation with invention and suffer from techno-fetishism. In their devotion to start-ups, they refuse to admit that the real obstacle to growth for most cities is the overwhelming power of the real hubs, which siphon up vast amounts of talent and money. Communities waste time, money, and energy pursuing this road to nowhere. Breznitz proposes that communities instead focus on where they fit in the four stages in the global production process. Some are at the highest end, and that is where the Clevelands, Sheffields, and Baltimores are being pushed toward. But that is bad advice. Success lies in understanding the changed structure of the global system of production and then using those insights to enable communities to recognize their own advantages, which in turn allows to them to foster surprising forms of specialized innovation. As he stresses, all localities have certain advantages relative to at least one stage of the global production process, and the trick is in recognizing it. Leaders might think the answer lies in high-tech or high-end manufacturing, but more often than not, they're wrong. Innovation in Real Places is an essential corrective to a mythology of innovation and growth that too many places have bought into in recent years. Best of all, it has the potential to prod local leaders into pursuing realistic and regionally appropriate models for growth and innovation.

As a core volume in the Dynamics of Economic Space series, contributors from North America, Australasia, Europe and the Middle East each address the constitutive processes of new economic and institutional spaces and the theoretical, methodological and policy-engaging practices of emerging economic geographies. Together, they provide a timely and important overview of the current debates about the geographies of economic change. As national and regional economies change rapidly, so the frameworks, concepts and methods used to describe and analyse those processes also need to evolve. This volume puts forward a comprehensive analysis of a range of different and innovative means currently available, through which to view regional economic activities and interactions.

Despite its economic impact, understanding what shaped emerging economies’ success seems to be a mystery. These complexities are compounded by fast moving technologies, such as the increased usage of artificial intelligence (AI) and the internet of things (IoT). These new technologies have a social impact, but it is how these impacts are developed and managed by people and companies that is significant. Similarly, it is important to investigate how the uncertainties and intangible factors are dealt with and how businesses can utilize innovative approaches to become adaptive in emerging market economies. Research is needed to determine how actors or businesses interact to shape and define either new institutions, new industries, or new innovation to meet the need of potential customers in emerging economies. Innovation Management and Growth in Emerging Economies explores how innovation from emerging economies is being developed through strategic choices and presents the benefits and the drawbacks, the processes, and the characteristics and management practices of both private and/or public organizations. The chapters identify the trends and approaches to innovation development as well as the strategies of adapting and converting threats and challenges into opportunities. The target audience of this book is composed of practitioners, policy influencers, course instructors, professionals, academicians, students, and researchers in the fields of business, administrative sciences, management, and economics.

The pressures of global competition are affecting regions throughout the world and making it increasingly necessary to understand the complex underlying mechanisms and the potential for innovation offered by new technology. Success in economic restructuring depends not only on the technology itself, but the professional and entrepreneurial skills available and the support of provided by institutions and information networks. The very local nature these phenomena, which are critical to the innovative propensity of firms operating within the region, introduces an inevitable spatial dimension. The time therefore seems ripe to bring together contributions from scholars working in different, but related disciplines, with the aim of investigating the triangular relationship between technological change, economic development and space. The present volume offers a compact review of current theoretical developments and valuable insights deriving from recent empirical studies carried out both within Europe and elsewhere. All those contributing to this volume are actively involved in research in the field. Without their intellectual contribution and willingness to participate in this joint project, the book would not have been possible. We should like, in addition, to thank Angela Spence for her capable assistance in coordinating the various stages of preparation of the book, as well as her translation work and careful linguistic editing. Thanks also go to Paola Stasi for her meticulous copy editing and help in preparing the indices. Their work has been invaluable in moulding together in a single volume contributions from so many different sources.