Tag Archives | innovation
Economics, Education, Finance, Governance

Management quality and innovation

Management quality and innovation
It is well recognized that innovation is an important ingredient in generating the competitive advantage and long-run growth of nations, ultimately affecting their economic development. Thus, there is considerable interest in the determinants of innovation, not only in the corporate sector but also among policy makers around the world and in Asia in particular. Read more.

Economics, Finance, Governance

Escaping the middle income trap: Innovate or perish

Escaping the middle income trap: Innovate or perish
The “middle income trap” captures the situation where a middle income country can no longer compete internationally in standardized, labor-intensive commodities because wages are relatively too high, and it can also not compete in higher value added activities on a broad enough scale because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy. Read more.