Book Review: Innovation in Developing and Transition Countries - New Horizons in Regional Science Series

The gap between developed countries and developing countries are increasing, rather than decreasing as it was hoped and expected in the beginning of the century. This gap is clearly reflected in the Global Innovation Index 2017. Countries in transition or in emerging economies are taking long time to figure out how to deal with innovation as currency and source of differentiation. (Buheji, 2018a). In this review, the innovation of developing countries and those in transitions is reviewed closely through the work of Tsvetkova et. al (2017). A close recommendation is set in the conclusion of this paper about future coming work that would help developed the efforts of the concerned academics, practitioners, innovation advocates and decision makers. Introduction The " Innovation in Developing and Transition Countries " is an academic yet pragmatic move of the modern economists towards setting National Innovation System (NIS) in different developing and transitioning countries. NIS is a framework proposed in this book to ensure less tense transition period takes place while clearly defining the role of both government and private sector in order to build an inheritance culture of innovation. Therefore, this book is being reviewed since it addresses not only a need for an overall world socioeconomic development challenges, but also shows new ways for managing such challenge and difficulties of transition toward innovation from a multidisciplinary approach and by utilizing the spirit of aspiring young scholars. It is a selective reference for innovation in different fields and from variety of prospective with a focus on innovation challenges and innovative practices in the context of developing and transition countries which the editors and the authors show through case studies of nine countries, some of which are ex-communist countries.