Crisis as a catalyst: the role of Schumpeterian innovation in the Lithuanian economy
Crisis as a catalyst: the role of Schumpeterian innovation in the Lithuanian economy

Summary/Abstract: What circumstances allow businesses to flourish in a stagnant world economy? We ask that question in our discussion of the uniquely favorable circumstances of the biotechnology sector in Lithuania. The purpose of this paper is to analyze Lithuania’s ability to expand its economy during a time of crisis, focusing on its unique ability to innovate in such sectors as biotechnology.

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