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"Innovation is a major driver of long-term economic growth (Romer, 1990, 1992; Aghion and Howitt, 2009; Lundvall, 2016) and sustainable development (UN, 2015). As extensively documented in Fagerberg et al. (2010), two factors have been identified as critical factors in the endogenous economic growth models: adoption of technologies developed elsewhere and indigenous innovative capacity. While science, technology and innovation have received increasing attention in academic research and policy making, most of the research in this area has been carried out in the context of the developed countries. Our understanding about the determinants and the impact of innovations are therefore obtained in the context of the developed countries. The nature, the source, and the role of innovations in developing countries, especially in low (including both low and lower-middle) income countries, which have Africa, are largely overlooked. The levels of economic, technical and institutional development in these countries are significantly lower than those of developed countries. Therefore, our knowledge about innovation in developed countries may not be appropriate for innovation, if any, in low-income countries. Reasons underlining this "overlook" are not only the lack of data and attention, but also doubts which question whether firms and societies in these economies are innovative, and whether innovation is a rich-countries-only business and is therefore not relevant for low income countries."

"The past three decades have witnessed rapid economic growth and a fascinating transformation of China's economy and industry, from an economy dominated by agriculture to one that is referred to as a 'world manufacturing plant', from a small exporter of resource- and unskilled labour-intensive products to a major producer of manufactured exports. The total industrial output of China increased from USD 91 million in 1980 to USD 3,728 million in 2013, and the share of industrial products in total exports has increased from 50% in 1980 to more than 95% in 2012 (NBS, 2013)"--

"This book presents a wide-ranging assessment of the current state of China's economy in relation to the global international economy. It discusses the role China has played in responding to the economic crisis; assesses the continuing strong prospects for further economic growth in China; and examines China's deepening integration into the world economy. Specific topics covered include China's foreign reserves and global economic recovery; the international expansion of Chinese multinationals and China's private businesses; and the role of technological innovation in China's economic growth. Overall, the book provides a wealth of detail and up-to-date insights concerning China's development path, growth potential and sustainability."--Publisher's description

AbstractThis article explores the impact of computerisation on the efficiency of rural cooperative banks using recent survey data on the usage of various types of information technology in rural cooperative banks in India. Findings from the research suggest that the adoption of appropriate technology such as stand‐alone computers in branches promotes the efficiency of rural credit cooperatives; on the other hand, the employment of advanced local area networks is negatively associated with their efficiency. The skills in relation to information technologies of bank staff and the absorptive capacity of service users and the wider community are of crucial importance in the enhancement of efficiency. Copyright © 2012 John Wiley & Sons, Ltd.