Description: One of the twentieth century's most fascinating economic phenomena was the economic rise of Asian nations such as Japan and Taiwan and the parallel decline of nations in Latin America and Europe. To explain this phenomenon, economists developed an analytical approach called the National Innovation System, which recognizes the creative nature of economic adjustment in today's turbulent world and its highly uneven distribution of growth. In this volume, Zoltan Acs delves deeper into the concept of economic innovation. Instead of using the nation as the unit of economic analysis, this empirically informed study examines economic change through the lens of the subnational as well as the transnational, offering insight on the seemingly paradoxical fact that globalization is caused by local action.

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