Innovation is often seen as carried out by highly educated labour in R&D intensive companies with strong ties to … leading centers of excellence in the scientific world. Seen from this angle innovation is a typical “first world” activity …. There is, however, another way to look at innovation that goes significantly beyond this high-tech picture. In this, broader …

Innovation is at the basis of economic development and as such, it is instrumental for developing countries. We review … the literature on innovation from the perspectives of four select branches of economics to build a conceptual framework of … innovation applicable to developing countries. The conceptual framework includes insights from the surveyed literature and …