Innovation Policies and Economic Growth: the Case of Brazil, India and China

Ricardo Mendes, António Portugal Duarte, Adelaide Duarte and Marta Simões ()
Additional contact information
Ricardo Mendes: University of Coimbra, Faculty of Economics
Adelaide Duarte: Faculty of Economics, University of Coimbra and GEMF - Grupo de Estudos Monetários e Financeiros, Faculty of Economics, University of Coimbra
Authors registered in the RePEc Author Service: Maria Adelaide Silva Duarte

Chapter 4 in European Integration Process in Western Balkan Countries, 2012, vol. 1, pp 72-90 from Institute of Economic Sciences

Abstract: The high economic growth rates that emerging economies experienced over the last two decades have been studied with great interest by numerous economists. Even during a time of global crisis such as the present one, countries like Brazil, India and China (BICs) continue to achieve high growth rates. Up to the present, the growth strategies adopted by these countries seem to have been effective, with some of them growing at around two digits annual growth rates and showing an enormous impact on international trade. But can the strategies and models adopted so far sustain economic growth in these countries? Is it possible that these countries will face a growth slowdown that will affect not only the welfare of their populations but also many other countries in the world in a time of globalization, unless they move to a different growth strategy? This work analysis of a set of “symptoms” that point to the unsustainability of the current growth models of these economies and, in light of the predictions of endogenous growth models, suggests that technological innovation is the only way to sustain growth in the long run. We also analyse to some extent the degree of awareness of the BICs to the importance of innovation policies by studying a broad set of Science and Technology (S&T) indicators for the BICs, trying in this way to determine their technological profile and whether they are using the international crisis scenario as an opportunity to implement potentially important structural changes.

Keywords: Innovation; economic growth; research and development; science and technology (search for similar items in EconPapers)
JEL-codes: O1 O30 O38 O57 (search for similar items in EconPapers)
Date: 2012
ISBN: 978-972-9344-05-3
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ien.bg.ac.rs/images/stories/download/eurointprocess_ch4.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ien.bg.ac.rs/images/stories/download/eurointprocess_ch4.pdf [301 Moved Permanently]--> http://ien.bg.ac.rs/images/stories/download/eurointprocess_ch4.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:ibg:chaptr:euinpro-4

Access Statistics for this chapter

More chapters in Book Chapters from Institute of Economic Sciences 12 Zmaj Jovina St, 11000 Belgrade, Serbia. Contact information at EDIRC.
Bibliographic data for series maintained by Zorica Bozic ().