to suggest some of the factors leading to this shift and implications for public policy. In particular, we find that a …, ranging from the demise of the communist system, increased globalization, new competition for multinational firms and higher … rethinking of the public policy approach. Rather than the focus of directly and exclusively on promoting startups and SMEs, it …

the impact of three major shocks to the gradually globalizing and integrating world economy and show that these shocks … have caused a transition in the global specialization pattern. -- globalization ; innovation ; trade ; development …