Appropriate Innovation for Asian Emerging Markets in a Digital World: A Strategic Framework

George Abonyi and David Abonyi ()
Additional contact information
David Abonyi: THAI-CANADA ECONOMIC COOPERATION FOUNDATION_ BANGKOK

Theory Methodology Practice (TMP), 2022, vol. 18, issue 01, 3-21

Abstract: Growth in spending in Asian emerging economies will be driven to a large extent by lower-middle income and lower-income households. They constitute a vast “2nd tier” underserved market, much of it located in smaller cities, towns, and rural areas. This study develops a framework for appropriate innovation strategy aimed at this substantial market. We identify key relevant characteristics of the leading Asian emerging economies of ASEAN, China and India; that often do not get sufficient attention. The proposed strategic framework then builds on selected examples of appropriate innovation; incorporates the potentially important role of unconventional partnership between business and social enterprise for this market; and develops the supporting role of digital technology, in particular, additive manufacturing (3D printing). We conclude by presenting policy implications of an appropriate innovation strategy, involving government-business collaboration.

Keywords: Appropriate innovation; Asian emerging economies (ASEAN; China; India); additive manufacturing (3D printing); export strategy; business-social enterprise partnership; government-business collaboration (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://tmp.gtk.uni-miskolc.hu/volumes/2022/01/TMP_2022_01_1_k.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mic:tmpjrn:v:18:y:2022:i:01:p:3-21

Access Statistics for this article

Theory Methodology Practice (TMP) is currently edited by Zoltan Bartha

More articles in Theory Methodology Practice (TMP) from Faculty of Economics, University of Miskolc Contact information at EDIRC.
Bibliographic data for series maintained by ().