Shifting the Center of Economic Gravity Towards Innovation in Asia -- A Comprehensive Review of Leapfrogging Asian Business Innovators in China, India, Japan, Singapore, and South Korea

Abstract

This research notes that the ascendancy of Asia’s economic growth coincides with the exigencies of shifting center of economic gravity towards innovation, while the two other pillars of economic growth, the quantity of labor force and capital formation, become increasingly subdued in growth potential.The research study takes a case-specific approach to investigate into the leapfrogging innovations, providing a distinctive perspective to understand Asian business innovation, distinguishing itself from both the traditional corporate surveys and index-based or empirical approaches. By contrast, this research navigates through forefront innovation leaders in real scenarios, and also presents a panorama, with a combination of storytelling and pattern analysis.The research, understanding innovations with the special relevance of market, regulatory, societal, and cultural contexts, serves its primary end to inform businesses in Asia and by Asia. This study also sheds light upon innovations elsewhere, especially Europe and North America businesses — the other two leading hubs of business innovators.