• Looks at elements important for innovation and entrepreneurship and compares them against each other within the three countries


• Places theoretical modeling of economic growth in the context of the overall macroeconomic factors


• Explores questions about the relationships among innovation, entrepreneurship and economic growth in China, India and the US

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.

"How will emerging economies shape our coming life? Will the emerging economies of China and India converge towards a single model of innovative economy or will they preserve their own national characteristics? These issues are addressed in these essays which remind us that the future has already started." --Daniele Archibugi, Italian National Research Council

"This book addresses two questions that are crucial to understand the economic growth miracle in China and India. How is innovation activity carried out in these countries? What are the drivers of entrepreneurship in China and India, compared to the U.S.? For those who are interested in understanding economic growth in emerging countries, this book is an essential reading." --Andrea Filippetti, London School of Economics and Political Science

"This important new book provides a compelling analysis highlighting the underlying forces driving the United States, China and India -- innovation and entrepreneurship. The book shows how and why entrepreneurship and innovation matter so much even across such disparate economic contexts." --David Audretsch, University of Indiana