INNOVATIONS AND COMPETITIVENESS IN REGIONAL DEVELOPMENT: A COMPARISON OF LATIN AMERICA, EUROPE, AND CHINA
INNOVATIONS AND COMPETITIVENESS IN REGIONAL DEVELOPMENT: A COMPARISON OF LATIN AMERICA, EUROPE, AND CHINA

Summary/Abstract: Our paper focuses on the economic comparison of innovations and competitiveness in regional development using the specific case studies of three regions of special interest: Latin America, Europe (represented hereinafter by the European Union), and China.We discuss the recent changes in economic development and global change and analyze the role of the three regions in question in that development. We argue that while Europe might be losing its economic momentum and China’s economic growth is slowing down, Latin America might become the new hub of the economic growth and innovations. Moreover, it seems that exploring new markets and increasing the presence on the new territories might also foster the economic growth and innovations.

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