Introduction -- A Research Agenda -- The Role of Banks in the Schumpeterian Innovative Evolution - An Axiomatic Set-up -- Generalized Barriers to Entry and Economic Development -- Inventing Together: Exploring the Nature of International Knowledge Spillovers in Latin America -- Formal and Informal External Linkages and Firms' Innovative Strategies -- The Commerializing of Spillovers -- The Innovation Performance of MNE Subsidiaries and Local Embeddedness -- Towards a Systemic and Evolutionary Framework for Venture Capital Policy -- Social Entrepreneurship for the Generation of Networking Capabilities -- Diffusion and Incorporation of Technology into the Health Care System -- The Relevance of Industry-University Relationship for the Brazilian Pharmaceutical System of Innovation -- Outsourcing and Diffusion of Knowledge in ICT Clusters.

This book discusses the influence of technological and institutional change on development and growth, the impact on innovation of labor markets, the spatial distribution of innovation dynamics, and the meaning of knowledge generation and knowledge diffusion processes for development policies. The individual articles demonstrate the powerful possibilities that emerge from the toolkit of evolutionary and Schumpeterian economics. The book shows that evolutionary economics can be applied to the multi-facetted phenomena of economic development, and that a strong orientation on knowledge and innovation is key to development, especially in less developed and emerging economies.