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topics innovation, catch-up, and sustainability. Innovation is driving catch-up processes and is the condition for a … dynamics, heterogeneity, novelty, and innovation as well as transformation are the most attractive fields in economics today … better understanding of innovation, catch-up, and sustainability, and Schumpeterian economics in general. …
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innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values-particularly the … individualism and self-expression prevailing among the people-fueled the dynamism needed for widespread innovation." …
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