of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …

strengthening the indigenous innovation capacity of domestic actors and, to an increasing extent, to the process of globalization of …

of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian … entrepreneur to also include the inventor in the innovation process. In addition, we provide a framework where the theories of … possibilities of successful commercialization since the inventor may further adapt the innovation to customer needs, transmit …

(innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … and to financial constraints imposed by capital markets, both of which are hostile to innovation. …