RETROECONOMIC BARRIERS IN THE DEVELOPMENT OF AN INNOVATIVE ECONOMY
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This paper explores the challenges of fostering an innovative economy in the context of technological underdevelopment. Enterprises relying on outdated technologies constitute the structural core of what may be termed a retroeconomy. In many developing countries, the persistence of obsolete production technologies remains widespread, often giving the misleading impression of enterprise viability and economic success. However, such retroeconomic firms lack competitiveness in the global marketplace. Addressing the adverse implications of retroeconomy requires a proactive and strategic role from the government, particularly through targeted innovation policies and support for technological modernization.
JEL Classification: D21, D24, D42, G33, L26, L51, L53, O32, O34, O38
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