Central Bank of Nigeria, Research Department
Innovation, Developing countries
The paper aimed at providing a solid conceptual framework for the promotion of innovation in developing countries from which appropriate policies can be developed. The growing interest in innovation promotion particularly technological innovation in developing countries stems from limitations experienced through traditional economic policies encapsulated in neo-liberalization.According to the author the concept of innovation encompasses not only technological innovation such as new products, but also includes new management styles, improved communication techniques and other new logistic arrangements.
Adesanya, O. (2007). Promoting innovation in developing countries: a conceptual framework - a review. CBN Economic and Financial Review, 45(4), 85-88.