Is that Innovation? Assessing Examples of Revitalized Economic Dynamics among Clusters of Small Producers in Northern Vietnam

J. Voeten, J.A.C. de Haan, G.A. de Groot

Research output: Working paperOther research output

Abstract

This paper addresses the question whether innovation is within reach for small enterprises in developing economies by studying four cases of new technologies, products and business practices in traditional craft in Northern Vietnam. The paper starts with reviewing definitions of innovation since Schumpeter. It concludes that newness, value creation and process are time and again considered as the key-elements of innovation. Innovation, hence, may be summarized as the process of introducing something new that creates value. Subsequently, this theoretical definition is operationalized into an innovation assessment instrument and applied in the aforementioned cases. The instrument verified the occurrence of innovation in three out of four cases of small producers’ clusters in Northern Vietnam. The entrepreneurs managed to implement innovation on their own strength and upon their own initiative. This provides evidence that small enterprises in developing countries are indeed able to take part in the process of increasing competitiveness through innovation.
Original languageEnglish
Place of PublicationMaastricht
PublisherUNU-MERIT
Volume2009/53
ISBN (Electronic)9789292302320
Publication statusPublished - 2009

Publication series

NameWIDER Research Paper

Fingerprint

Innovation
Economic dynamics
Small enterprises
Entrepreneurs
Business practices
Developing countries
Product technology
Value creation
Competitiveness
Developing economies
Reviewing
Joseph Schumpeter

Keywords

  • Innovation
  • inclusive innovation
  • Vietnam
  • small business
  • Poverty

Cite this

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Is that Innovation? Assessing Examples of Revitalized Economic Dynamics among Clusters of Small Producers in Northern Vietnam. / Voeten, J.; de Haan, J.A.C.; de Groot, G.A.

Maastricht : UNU-MERIT, 2009. (WIDER Research Paper).

Research output: Working paperOther research output

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