Wealth creation in developing countries: linking techno-economic-social networks

Abstract

Some European countries have benefited from programs involving the creation of alliances of techno-socio-economic networks. In developing countries, their competitiveness based on industrial clusters are non-existent because of their poor regional enabling conditions required for assembling complex organisational interactions. To help alleviate this situation, a 'wealth creation based on innovation and enabling technologies' model (WIT) was developed. Within this framework, the economic growth is articulated by a systemic enabling environment, capable of supporting network economies, industrial ecosystems and regional innovation systems, with a purpose: to transform regions with scarce resources, hostile conditions and poor associativity into poles of regional attractiveness and competitive clusters of companies capable of producing high economic value strongly inter-related with the social and environmental capital in their communities. A more recently version of the WIT model, was developed, which adds sustainable wealth creation, called SWIT, which articulates all the stakeholders of the biosphere system of capitals.