Emerging market economies: Potential for innovation

In the 2000s, the drivers of innovation in emerging market economies of the UNECE region were generally less advanced than those in developed market economies. Many EMEs have relatively welleducated labour forces and a good tradition of scientific research. In particular, important investments in education, and science and technology at the time of the Soviet Union have credited its successor States with a solid scientific background and a high academic research potential. The Russian Federation, for example, has several Nobel Prize winners in natural sciences, and hosts one of the leading schools of mathematicians. However, in the second half of the 2000s, in relative terms the number of scientists in EMEs was generally lower than that in developed market economies.

Related Subject(s): International Trade and Finance