Research on the Innovation Driven Growth Path of Developing Economies in the Context of Globalization
Year: 2024
Type: article
Abstract: \nThis study focuses on the challenges and opportunities faced by developing economies in a globalizing world and explores the path to innovation-driven growth. According to research, globalization presents developing economies with tremendous opportunities for market and technological exchange, but it also brings intense international competition and pressure to upgrade their industries. Case studies, such as the success of South Korea and the challenges of Argentina, demonstrate the importance of innovation- driven growth strategies. To cope with the challenges brought by globalization, it is suggested that developing economies need to enhance their innovation capabilities and economic competitiveness by strengthening international cooperation, increasing education investment, and improving the institutional environment. Through these strategies, these economies can be transformed into more efficient and sustainable development models, thereby occupying a more advantageous position in the global economy.\n
Author: Xiaoyu Xu
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6921937214
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