Abstract
Other than serving as the introduction to this special issue, this paper looks at the question of how an underdeveloped or a developing economic entity can manage to acquire the knowledge and ability to overcome various barriers, be they social, cultural, or institutional, to establish its desired momentum of self-sustained growth. It addresses the question by surveying relevant literatures, first, about what factors, both internal and external, positively determine the innovativeness of an economic entity; and second, regarding what steps are necessary for an underdeveloped or a developing entity to engineer its momentum of self-sustained growth and for an established entity to maintain its existing momentum. By doing so, we demonstrate the theoretical significance and practical importance of this issue and the works contained in this issue.
Highlights
As the nation that has been growing at an unprecedented high rate in the past four decades, China has become the second-largest economic power of the world
Roos [32] and Wu et al [33] investigate how these new modes of manufacturing have redefined the concept of innovation in manufacturing
‘exceptionally added value’ means (1) an extraordinary level/quality of creativity; (2) internal conception and external adoption of the creativity; (3) introduction of new processes for capturing value; (4) materialization of benefits; (5) transformation of inventions into products and/or processes; and (6) potential roles played by relevant processes and outcomes. Beyond all these significant implications, this definition does not include those innovations that merely keep an economic entity afloat compared to others in the same industries
Summary
As the nation that has been growing at an unprecedented high rate in the past four decades, China has become the second-largest economic power of the world. As an economic entity, China confronts serious challenges both internally and externally For of this reason, China provides the world of learning a great opportunity to investigate the following question: How can an underdeveloped and/or developing nation manage to acquire the knowledge and ability to overcome its various barriers, be they social, cultural, or institutional, in order to institute its desired momentum of self-sustained development?. China provides the world of learning a great opportunity to investigate the following question: How can an underdeveloped and/or developing nation manage to acquire the knowledge and ability to overcome its various barriers, be they social, cultural, or institutional, in order to institute its desired momentum of self-sustained development? Roos [32] and Wu et al [33] investigate how these new modes of manufacturing have redefined the concept of innovation in manufacturing
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
