Overview: This chapter presents the empirical findings of the present study. The first part – section 5.1 - presents a historical perspective on innovation, outlining the economic, institutional and political, as well as sociocultural factors that have been identified in the literature as conducive to or deterring innovation in the three distinct time periods outlined earlier. It also identifies historical factors responsible for shifts of innovation centers towards new regions and industries, providing insights into currently occurring trends.
KeywordsInnovation System Industrial Revolution Chinese Market Steam Engine Steam Power
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