Economics of Technology, Innovation and Development for Emerging Countries

This book offers a rigorous and context-sensitive analysis of how technology and innovation shape economic development in emerging economies. Moving beyond Silicon Valley-centric narratives, the book situates innovation within the real-world constraints facing late-industrialising countries, including institutional weaknesses, financial limitations and asymmetric integration into global markets, and makes these the starting point of its analytical framework rather than departures from an idealised norm.

Drawing on classical and modern growth theory from Schumpeterian creative destruction to contemporary systems of innovation, the book equips readers to critically evaluate competing frameworks and apply them to the distinctive challenges of the Global South. It addresses the measurement of innovation beyond conventional R&D and patent indicators, examines frugal and grassroots innovation and provides policy-oriented analysis of technology transfer, multinational corporations and the employment effects of technological change.

Timely and authoritative, this book is essential reading for scholars, researchers and postgraduate students in development economics, innovation studies and public policy. It will also prove invaluable to policymakers and practitioners working on science, technology and industrial policy in developing countries.