Martin Fransman 1 is Professor Emeritus of Economics at the University of Edinburgh. He is the author of Innovation Ecosystems: Increasing Competitiveness.
At a general level, innovation is about doing new things. But that is very general. For a working definition, the best is the one given by Joseph Schumpeter, and followed by organisations such as the OECD. Essentially, Schumpeter said that innovation is about four things. The first is that innovation [...]
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Translation:
The comparison with the so-called non-capitalist countries and alluding to historically backward societies or forms of social organization takes the content of the article out of context. If it is understood as non-capitalists (strictly speaking) to China and Russia, it would enrich the analysis.|
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