Innovation-Led Economic Growth: Transforming Tomorrow’s Developing Economies through Technology and Innovation
This report examines the role of innovation and technology in driving economic growth in developing economies, with a focus on the case studies of Kenya, Malaysia, and Gujarat, India. It highlights the importance of education, human capital development, translational research and development, commercialization, and a supportive policy environment as key factors in transforming these economies.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | Center for Strategic & International Studies, Research Triangle Institute |
| Authors: | Charles Rice, Erol Yayboke, Daniel F. Runde |
| Geographic focus: | Kenya, Malaysia, Gujarat (india) |
| Page count: | 60 pages |
Methods
The research method used in the report involves case studies of Kenya, Malaysia, and Gujarat, India. It examines the specific strategies and initiatives implemented by these regions to promote innovation-led economic growth. The method includes an analysis of education systems, research and development activities, and the policy environment that supports or hinders innovation.
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Key Insights
The report provides an in-depth analysis of the strategies and challenges faced by Kenya, Malaysia, and Gujarat, India, as they strive to transform their economies through innovation and technology. It discusses the significance of education and human capital development in creating a workforce capable of driving technological advances. The study also explores the role of translational research and development in converting scientific discoveries into marketable products and services, and the importance of a conducive policy environment that encourages innovation and entrepreneurship. The case studies illustrate the unique approaches and initiatives undertaken by each region to foster economic growth and avoid the middle-income trap.
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Additional Viewpoints
Categories: English publication language | Gujarat (india) geographic scope | Kenya geographic scope | Malaysia geographic scope | commercialization | development | digital innovation | economic growth | economy | education | emerging technologies | entrepreneurship | fourth industrial revolution | future and emerging technologies | growth | human capital | industry | infrastructure | innovation | innovation and growth strategy | innovation ecosystem | iot technology | policy environment | technology | technology transfer | translational research