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Nature of innovation in developing economies

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Reference no: EM133205432 , Length: Word count: 500 words

Assignment Problem: Read the following papers, and then answer comprehensively to the three questions below:

Paper 1: (Cirera and Maloney 2017. Chapter 2 of the book "The Innovation Paradox")

Paper 2: Fagerberg 2004. Innovation: A guide to the literature.

Answer the following:

Question 1: How can innovation be defined and characterized?

Question 2: What is innovation based on and how does it relate to economic development?  

Question 3: What is the nature of innovation in developing economies and what can be pointed as its main challenges?  

Reference no: EM133205432

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