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

Voeten, Jaap, de Haan, Job and de Groot, Gerard (2009). Is that Innovation? Assessing Examples of Revitalized Economic Dynamics among Clusters of Small Producers in Northern Vietnam. UNU-MERIT.

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  • Sub-type Working paper
    Author Voeten, Jaap
    de Haan, Job
    de Groot, Gerard
    Title Is that Innovation? Assessing Examples of Revitalized Economic Dynamics among Clusters of Small Producers in Northern Vietnam
    Publication Date 2009
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 37
    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.
    Keyword Innovation
    Small enterprises
    Clusters
    Value chains
    Vietnam
    JEL O31
    Copyright Holder UNU-MERIT
    Copyright Year 2009
    Copyright type All rights reserved
    ISSN 18719872
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    Created: Wed, 11 Dec 2013, 17:23:50 JST