Template-type: ReDIF-Paper 1.0 Author-Name: Kaplinsky, Raphael Author-Email: r.kaplinsky@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Chataway, Joanna Author-Email: j.c.chataway@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Clark, Norman Author-Email: n.clark@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Hanlin, Rebecca Author-Email: r.e.hanlin@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Kale, Dinar Author-Email: d.kale@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Muraguri, Lois Author-Email: l.muraguri@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Papaioannou, Theo Author-Email: t.papaioannou@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Robbins, Peter Author-Email: p.t.robbins@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Author-Name: Wamae, Watu Author-Email: w.wamae@open.ac.uk Author-Workplace-Name: Open University, Milton Keynes Title: Below the Radar: What does Innovation in Emerging Economies have to offer other Low Income Economies? Abstract: Between 1970 and 2000 the proportion of global R&D occurring in low income economies rose from two percent to more than 20 percent. However, this rising commitment to R&D does not easily translate into the emergence of a family of innovations meeting the needs of low income consumers "at the bottom of the pyramid", since much of these technological resources are invested in outdated structures of innovation. A number of transnational corporations are targeting these markets but it is our contention that much of the previously dominant innovation value chains are either ignorant of the needs of consumers at the bottom of the pyramid, or lack the technologies and organisational structures to meet these needs effectively. Instead, the firms and value chains that are likely to be most successful in these dynamic new markets are those that are emerging in China and India and other developing countries, disrupting global corporate and locational hierarchies of innovation. Classification-JEL: B52, D21, F02, F23, F59, L26, O31 Keywords: Science and Technology, Asian drivers, Innovation Systems, Millennium Development Goals Series: UNU-MERIT Working Papers Creation-Date: 2010 Number: 2010-020 File-URL: https://unu-merit.nl/publications/wppdf/2010/wp2010-020.pdf File-Format: application/pdf File-Size: 275 Kb Handle: RePEc:unm:unumer:2010020