Innovation from Emerging Markets: The Case of Latin America

Abstract

With economies the world over realizing that scarcity of resources will be the reality of the future, with green growth becoming a necessity instead of a choice, and social development assuming an importance equal to economic growth — with all these challenges and more, policy makers worldwide have realized the importance of innovation in their rendition of good governance. For a long time, innovation has been largely associated with the developed world. However, in the past three decades, developing economies have realized its importance and are embracing it as a critical mission.