Innovation, Entrepreneurship, and the Economy in the US, China, and India: Historical Perspectives and Future Trends

What drives innovation and entrepreneurship in India, China, and the United States? Our data-rich and evidence-based exploration of relationships among innovation, entrepreneurship, and economic growth yields theoretical models of economic growth in the context of macroeconomic factors. Because we know far too little about the key characteristics of Chinese and Indian entrepreneurs and the ways they innovate, our balanced, systematic comparison of entrepreneurship and innovation results in a new approach to looking at economic growth that can be used to model empirical data from other countries. The importance of innovation and entrepreneurship to any economy has been recognized since the pioneering work of Joseph Schumpeter. Our analysis of the major factors that affect innovation and entrepreneurship in these three parts of the world – US, China and India –provides a comprehensive view of their effects and their likely futures.

Looks at elements important for innovation and entrepreneurship and compares them against each other within the three countriesPlaces theoretical modeling of economic growth in the context of the overall macroeconomic factorsExplores questions about the relationships among innovation, entrepreneurship and economic growth in China, India and the US.

I. Innovation
1. What is Innovation? Why is innovation important? What Factors Affect Innovation?
2. History
3. Economy
4. Culture
5. Laws and rules (includes role of government and institutions, NIS)
6. Demographics
7. Education and Universities
8. Industry and Market Structures (Regional Clusters)
9. Opportunity Areas for Innovation
II. Entrepreneurship
10. What is the Entrepreneurial Process? What factors Affect Entrepreneurship that Results in New Ventures?
11. Personal Characteristics
12. Social and Cultural Factors
13. Entrepreneurial Training
14. External Environment (legal, political, institutional and labor markets)
15. Infrastructure
16. Capital Availability
17. Intrapreneurship - Large Companies
III. The Economy
18. Innovation and Entrepreneurship and Economic Growth  
19. General Macroeconomic Framework
20. A Model for Economic Growth with Innovation and Entrepreneurship
21. Entrepreneurship Indices and Relevant Macroeconomic Data
IV. 22. Conclusions and Thoughts about the Future – US, China and India