The Rise to Market Leadership: New Leading Firms from Emerging Countries

There is compelling evidence to show that economic growth has a strong correlation with a country’s industrial capacity and its ability to compete. It is also generally accepted that industries grow and succeed in the competitive market through innovations. In recent years Innovation Systems framework has emerged as a useful conceptual framework to understand the innovation process with the focus on National, Regional and Sectoral Innovation Systems. In each system, although the innovating agents are similar (individuals, firms, institutes, universities, collaboration networks etc.); the difference is in the way actors in these systems interact and coordinate innovation activities. This framework argues that interactions among the various agents enable learning ‘interactive learning’ and is one of the key determinants for a successful innovation.