Innovations in emerging countries: an institutional approach

Abstract

In the past few years, there has been a shift in global innovations landscape. With a recent trend of innovation 'offshoring', emerging countries are becoming global innovation hubs. This research explores how emerging countries, in spite of the resources and infrastructural constraints, are catching up with developed countries, and develop substantial innovation capabilities. Drawing on the institutional approach, a conceptual framework is presented in this paper. The framework explains intricate dynamics of innovation in an emerging country context; it addresses the interplay of a broader emerging country context and individuals' and organisations' actions and interactions that produce innovations and change.