In recent years, emerging markets have come to represent the largest share of global GDP and have made gains in economic development and political influence. In turn, emerging market companies have taken on a new level of importance in driving innovation, local development and global competition. Advancing an integrative view that captures the diversity of innovation among companies in emerging markets, this book highlights the rapid evolution of emerging markets from imitators to innovation leaders. Building upon research conducted by the Emerging Multinational Research Network (EMRN) in collaboration with several universities in North and South America, Europe and China, this rich and expansive collection includes studies of innovation in regions yet to receive focused analysis in the field. The authors also re-examine dominant theories of innovation and capability creation based on a broad range of case studies and research insights. Offering a taxonomy of emerging market innovations, this collection reveals the unique drivers, types, and outcomes of innovation in emerging markets.

‘The exclusive club of countries operating at the global technology frontier is getting larger. This impressive collection of studies help readers understand the admission process. An invaluable resource for policy makers, senior managers and investors alike.’

Peter Cornelius - Managing Director, AlpInvest Partners/The Carlyle Group

‘Innovation is present across different industries, organizations, and cultures. This detailed study elaborates on the complexity of innovation by presenting examples, diverse in geography and context, of successful innovation cases despite the lack of resources, institutional support, and HQ support (as is the case in reverse innovation). Someone said that to innovate is to find new or better uses for the resources we already possess, whether in the private or public sectors. All the cases of this study prove that this is the case.’

Julian Eguren - CEO, Exiros