BALTIC AND ASIAN TIGERS:THE BIOTECHNOLOGY SECTORS OF LITHUANIA AND INDIA AS SOURCES OF INNOVATION AND ECONOMIC GROWTH

Vincentas Giedraitis, Ausra Rasteniene and Hariharan Rajanbabu
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Ausra Rasteniene: Faculty of Economics Vilnius University, Lithuania
Hariharan Rajanbabu: Faculty of Medicine Vilnius University, Lithuania

Perspectives of Innovation in Economics and Business (PIEB), 2011, vol. 9, issue 3, 5-11

Abstract: This paper explores similarities and differences between the biotechnology sectors of Lithuania and India. In both cases, the biotechnology sectors are major motors of economic growth. In the case of Lithuania, we borrow from Schumpeter’s ideas of innovation and Porter’s business cluster theory, and argue that Lithuania is “at the right place and the right time” to make it a regional leader in Baltic biotechnology. Although very different, India’s biotechnology sector is also rapidly changing and innovating.

Keywords: Biotechnology; Lithuania; India; Schumpeter; business cluster theory; Kondratiev waves. (search for similar items in EconPapers)
JEL-codes: B59 F23 O57 (search for similar items in EconPapers)
Date: 2011
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Journal Article: Baltic and Asian tigers: The biotechnology sectors of Lithuania and India as sources of innovation and economic growth (2011)
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