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Small firms are playing an ever-increasing role in innovation, driven by changes in technologies and markets. Some spin … advantages. This book explores how government policy can boost innovation by improving the environment for entrepreneurship and … entrepreneurship. In addition, country notes present statistics and policy data on SMEs, entrepreneurship and innovation for 40 …
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Most economic theories, which are based on concepts of equilibria and closed systems, do not sufficiently manage to describe the dynamics of the economic process. The Austrian economist Schumpeter already formulated at the beginning of the 20th century that revolutionary innovations are often...
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