Innovation and Knowledge Creation in an Open Economy

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Focusing on the innovation processes within manufacturing firms, the book explores how new products and production methods are developed and marketed. It delves into sources of innovative ideas, the impact of R&D, and the role of patent protection and government policies. Additionally, it assesses the influence of innovation on employment and performance metrics like profitability and exports. The analysis highlights differences in innovation strategies between small and large firms, as well as domestic and multinational companies, while incorporating insights from other industrialized nations.