Innovation in Brazil and emerging markets
In the last post –Brazil as natural future economy – I promised to observe Brazil from different perspectives. To respect the tradition of evolutionary economics, in this post I investigate Brazilian innovation from first aeroplane flight in 1906 to Innovation Law established in 2004. This period highlights the Brazilian potential for innovation and how it missed almost a century on global development caused by the lack of strategic approach to innovation. The Story of Science clearly states that innovations does not happen over the night and requires balance between passion for science and research, political power, and open global collaboration and rivalry as Michael J. Mosley shows in my favourite documentary!
Brazil gained the independence from Portugal in 1822. Portugal legacy left Brazil underdeveloped as country had been mainly used as a source for raw materials to feed the parent country. There was no investment on education system…
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