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Baltic And Asian Tigers:The Biotechnology Sectors Of Lithuania And India As Sources Of Innovation And Economic Growth

Author

Listed:
  • VINCENTAS ROLANDAS GIEDRAITIS

    (Faculty of Economics Vilnius University, Lithuania)

  • AUSRA RASTENIENE

    (Faculty of Economics Vilnius University, Lithuania)

  • HARIHARAN RAJANBABU

    (Faculty of Medicine Vilnius University, Lithuania)

Abstract

This paper explores similarities and differences between the biotechnology sectors of Lithuania and India. In both cases, the biotechnology sectors are major motors of economic growth. In the case of Lithuania, we borrow from Schumpeter’s ideas of innovation and Porter’s business cluster theory, and argue that Lithuania is “at the right place and the right time” to make it a regional leader in Baltic biotechnology. Although very different, India’s biotechnology sector is also rapidly changing and innovating.

Suggested Citation

  • Vincentas Rolandas Giedraitis & Ausra Rasteniene & Hariharan Rajanbabu, 2011. "Baltic And Asian Tigers:The Biotechnology Sectors Of Lithuania And India As Sources Of Innovation And Economic Growth," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 9(3), pages 5-11, August.
    • Handle: RePEc:pdc:jrpieb:v:9:y:2011:i:3:p:5-11
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    References listed on IDEAS

    as
    1. Mockaitis, Audra I. & Vaiginiene, Erika & Giedraitis, Vincent, 2006. "The internationalization efforts of lithuanian manufacturing firms--strategy or luck?," Research in International Business and Finance, Elsevier, vol. 20(1), pages 111-126, March.
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    More about this item

    Keywords

    Biotechnology; Lithuania; India; Schumpeter; business cluster theory; Kondratiev waves.;
    All these keywords.

    JEL classification:

    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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