Premium
Introduction to the Special Issue: Globalisation, Knowledge and Institutional Change: Towards an Evolutionary Perspective to Economic Development
Author(s) -
Morrison Andrea,
Cusmano Lucia
Publication year - 2015
Publication title -
tijdschrift voor economische en sociale geografie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 55
eISSN - 1467-9663
pISSN - 0040-747X
DOI - 10.1111/tesg.12143
Subject(s) - perspective (graphical) , evolutionary economics , variety (cybernetics) , order (exchange) , globalization , resource (disambiguation) , economic system , institutional change , sociology , political science , economics , neoclassical economics , computer science , computer network , finance , artificial intelligence , law , public administration
This special issue aims at advancing the debate about the interpretative power of evolutionary perspectives on economic development and institutional change. In the introduction, we argue that the interpretative power of the current evolutionary approach can be improved by elaborating an ‘augmented’ perspective to economic development, which explicitly integrates the role of institutions and the dynamics of natural resource sectors (e.g. agro‐food) into the analysis. We maintain that such a theoretical and empirical advancement can help to define a conceptual framework that is more suitable to analyse innovation‐driven change, differentiated development patterns, opportunities and constraints for developing countries in the globalised knowledge economy. A collection of papers that adopt this perspective are discussed in order to prove the interpretative power of this approach in a variety of development contexts.