By Rajiv Shah
What drives innovation and entrepreneurship in India, China, and the us? Our data-rich and evidence-based exploration of relationships between innovation, entrepreneurship, and financial progress yields theoretical types of financial development within the context of macroeconomic elements. simply because we all know a long way too little concerning the key features of chinese language and Indian marketers and the methods they innovate, our balanced, systematic comparability of entrepreneurship and innovation ends up in a brand new method of taking a look at monetary progress that may be used to version empirical facts from different nations. the significance of innovation and entrepreneurship to any economic climate has been well-known because the pioneering paintings of Joseph Schumpeter. Our research of the most important components that impact innovation and entrepreneurship in those 3 elements of the area – US, China and India –provides a finished view in their results and their most likely futures.
- Looks at components very important for innovation and entrepreneurship and compares them opposed to one another in the 3 countries
- Places theoretical modeling of monetary development within the context of the general macroeconomic factors
- Explores questions on the relationships between innovation, entrepreneurship and monetary development in China, India and the US.
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Additional info for Innovation, Entrepreneurship, and the Economy in the US, China, and India : Historical Perspectives and Future Trends
Sample text
34 PART I Innovation 300,000 12 250,000 10 200,000 8 150,000 6 100,000 4 50,000 2 0 Fold increase since 1950–1951 No. 8 Growth of teaching staff in universities and colleges. period, from 23,549 to 263,125 (Fig. 8). Educational expenditure as a proportion of both public expenditure and GDP was steadily increasing (Fig. 9). 4). While India was trying to build its higher education base across various fields including science and technology, there was a widespread and disturbing trend of significant migration of highly educated scientifically and technologically trained manpower to other countries, especially to the United States.
The Cultural Revolution had a disastrous influence on China’s technological development. 7 1977 226 1978 10,934 10,708 2 Blanks indicate that the data are not available. Source: The Statistical Data of New China Sixty Years History Chapter 1972 21 22 PART I Innovation prohibited during a crucial period when China’s economy began to recover. On the other hand, it changed peoples’ attitudes towards learning and seeking knowledge because intellectuals had a lower social status than the common workers and also because many intellectuals gave up their research due to persecution.
A detailed list of ancient scientific discoveries and technological inventions has been compiled by the Indian Institute of Scientific Heritage (Ramaswamy, 2012). 8. htm. History Chapter 2 27 The third limitation pertained to the occupational immobility due to the caste system till the onset of the nineteenth century. Commercial activities were a monopoly of the Vaishya caste and manufacturing activity was performed by artisans. There was a clear distinction between commercial activities and manufacturing.
