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Exploring the Link between Innovation and Development

Piya Mahtaney

Chapter 9 in Globalization and Sustainable Economic Development, 2013, pp 127-138 from Palgrave Macmillan

Abstract: Abstract Innovation is a crucible of progress that determines almost every parameter linked to the dynamic of progress, profitability and cost cutting. It is the ability to innovate and the speed with which the outcomes of innovation fructify that determine how far outward a nation can push its frontiers of progress. Innovation does not pertain merely to technological advancement; it includes innovative endeavor that occurs in an entire gamut of spheres—social, financial (including banking), managerial, educational, and so on.

Keywords: Technical Progress; Innovative Activity; Wealth Creation; Technological Convergence; Sustainable Economic Development (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02499-2_10

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DOI: 10.1057/9781137024992_10

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