From Innovation to Development

A Comparative Analysis of Selected Countries in Latin America in the Light of the Global Innovation Index

Abstract

Technology Economics indicates that the Schumpeterian understanding of economic development is associated with the degree of technical changes that markets have. The question that guided this work was to investigate the trajectories of Latin American countries and the reflexes for their innovative dynamics, examining Brazil, Argentina, Mexico, Colombia and Chile in the Global Innovation Index (GII) from 2008 to 2019. The results revealed that the participation of Latin American countries in the GII remains slow, which can also be explained by the rise of Asian economies, notably in terms of participation in global R&D. The contribution of this work comes to explain this need, exposing the difficulties imposed by the methodologies of the Global Innovation Index in dealing with evolutionary dynamics.