What is it about?
This is the introduction to the book "Fast Growing Firms in a Slow Growth Economy", and presents the overall theoretical framework of the book. We argue that patterns of firm growth cannot be fully explained by the features of the national system of innovation in which they are embedded, nor by the internal resource endowment and human capital.
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Why is it important?
Growth is the outcome of a process that involves a reaction to favourable or unfavourable local environmental conditions, or an exploratory search for necessary resources that are available in distant environments, or the co-creation of such resources within the system in which a firm is embedded.
Perspectives
Our reflection offers insights to policymakers who deal with interventions in the areas of industrial competitiveness, employment, environmental sustainability and economic growth. Rather than discussing the option of ‘de-growth’, we contribute to the debate on the post-crisis model of economic growth.
Giancarlo Lauto
Universita degli Studi di Udine
Read the Original
This page is a summary of: Introduction. Innovation beyond national system fragility: institutional bricolage for SMEs’ growth, Edward Elgar Publishing,
DOI: 10.4337/9781785367113.00006.
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