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Innovation For Prosperity By Wim Naude: A Chapter Summary

2912 Words12 Pages

Muhammad Amirul Amri Bin Jamaluddin
F12A230
Journal Summary This journal is about the importance of innovation for prosperity written by Wim Naudé, Adam, Szirmai and Micheline Goedhuys, © United Nations University, 2011, ISBN 978-92-808 3093-4, ISSN 1814-8026, Licensed under the Creative Commons Deed “Attribution NonCommercial- NoDerivs 2.5”. This journal explained on how innovation give impact on development and on how or what conditions do entrepreneurs in developing countries innovated. Based from my reading, they said that most of us really do the understanding on process of innovation and its relationship to every public policy has been conducted in economies at more advanced level or stages of development. Several authors have even downplayed the importance of innovation especially for developing countries. In a similar aspect, there has been a resurgence of interest in the pathway of entrepreneurship in innovation, employment creation and growth of economic, but here the primary focus has been more on the advanced economies. This journal mostly focus in particular on the entrepreneurship–innovation nexus in the context of development and surely refer to the findings contained in the book Innovation, Entrepreneurship and Economic Development edited by Adam Szirmai, Wim Naudé and …show more content…

This journal also have successfully make a research on the others country, especially the one that develop in innovation. The research is made to survey the stages of development and get lessons from their progress. As example, Acz and Szerb had recently made a renewed case for Michael Porter’s distinction between the driven factors, driven efficiency and driven innovation stages of development. In the factor driven stage, it shows a high rates of unemployment results in a large informal sector and also a high rate of small business startups at this stage of low cost and resource based production

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