NATIONAL INNOVATION SYSTEMS IN DEVELOPING COUNTRIES: CHALLENGES, OPPORTUNITIES, AND LESSONS Cover Image

НАЦИОНАЛНИ ИНОВАЦИОННИ СИСТЕМИ В РАЗВИВАЩИТЕ СЕ СТРАНИ: ПРЕДИЗВИКАТЕЛСТВА, ВЪЗМОЖНОСТИ И ПОУКИ
NATIONAL INNOVATION SYSTEMS IN DEVELOPING COUNTRIES: CHALLENGES, OPPORTUNITIES, AND LESSONS

Author(s): Mihaela Mihaleva
Subject(s): Politics / Political Sciences, Economy, Micro-Economics, Governance, Socio-Economic Research
Published by: Висше училище по застраховане и финанси (ВУЗФ)
Keywords: national innovation systems; developing countries; entrepreneurship; business plan competitions; economic growth; technological advancement; leapfrogging; institutional frameworks; infrastructure; pol

Summary/Abstract: This article explores the concept of National Innovation Systems (NIS) and their significance in developing countries. It discusses the potential of NIS to foster innovation, enhance competitiveness, stimulate economic growth, and catalyze entrepreneurship. The article delves into the challenges faced in implementing NIS in developing countries, such as lack of skilled manpower, weak institutional frameworks, inadequate infrastructure, and poor economic conditions. Despite these challenges, the article highlights the opportunities presented by NIS, including the potential to leapfrog to advanced technologies, address local challenges, and stimulate entrepreneurial activity through Business Plan Competitions (BPCs). The article provides practical examples and case studies from China and India, demonstrating how with the right policies and investments, developing countries can harness their NIS to drive innovation and economic growth. It concludes by emphasizing the need for more research to further understand the intricacies of NIS in the context of developing countries.

  • Issue Year: 1/2023
  • Issue No: 8
  • Page Range: 15-21
  • Page Count: 7
  • Language: English