Institutional structure of sustainable development in BRICs: Focusing on ICT utilization

Xuening Yao, Chihiro Watanabe and Ying Li

Technology in Society, 2009, vol. 31, issue 1, 9-28

Abstract: In contrast to the relative stagnation of economic growth in industrialized countries with mature economies, the so-called BRIC countries have shown conspicuous economic growth in the early 21st century. Brazil, Russia, India, and China currently depend on their geographic advantages for economic development, as they possess abundant natural resources and collectively account for 28.9% of the world's land area and 43.2% of its population. However, as the development trajectories for industrialized countries suggest, sustainable development in BRICs requires innovation for effective utilization of potential resources. Given that the co-evolutionary dynamism between innovation and institutional systems is paramount to innovation driven economies, sustainability of BRICs' economic growth is subject to such co-evolution.

Keywords: BRICs; Innovation; Institutions; ICT; Co-evolution; Sustainable development (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:31:y:2009:i:1:p:9-28

DOI: 10.1016/j.techsoc.2008.10.013

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