1st Edition

Innovation and Economic Development

By Raja M. Almarzoqi, F. John Mathis Copyright 2025
    254 Pages 2 B/W Illustrations
    by Routledge

    Over the past two decades, several sudden, unforeseen, and significant changes have occurred in the world's political and economic landscape. This book explores their impact on the processes of contemporary disruptive innovations during the Fourth Industrial Technology Revolution and the role that global finance and international commerce play. The expansion of multinational corporations, increasing dependence on global supply chains, and the globalization of the world economy have aided the rising expansion of Innovations worldwide.

    The authors analyze the drivers and relationship between these increasingly dispersed Innovations and the expanding linkage between economic growth in developed and developing countries. Progress will continue with technological innovations in financial services, lowering the cost to consumers and companies. Financial transactions will be executed increasingly by the individual using their cell phone or computer. Electronic digital payments and banking will replace currency.

    This book focuses on Innovations in advanced countries and examines developments in emerging markets and the implications for the world's future economic growth. The collaborative expansion and dispersion of online education across different cultures impact labor markets, diversity and immigration, and the rise and expansion of women entrepreneurial Innovators. The progression of global access to higher levels of education is changing the culture, values, and institutional foundations supporting Innovation.

    Knowledge of the expanding Innovation Ecosystems is crucial for understanding contemporary global business and entrepreneurship, international trade and capital flows, and investments impacting world history and economic, social, and political sciences subjects.

    1. Innovation, Education, and Competitiveness 2. Institutional Foundations and Significant Women Innovators 3. Culture and Values Supporting Innovation  4. Global Diffusion of Innovation Ecosystems 5. Innovations in Global Finance 6. Economic Growth and Competitiveness Drive Innovation 7. Diffusion of Global Innovation 8. Multinational Corporation & Entrepreneurial Innovation 9. Disillusionment with Globalization Threatens UN Multilateralism 10. AI, Creativity, and Innovation


    Raja M. Almarzoqi is a Chief Economic Advisor at the Ministry of Economy and Planning and GCC’s Chief Negotiator, Saudi Arabi, former IMF Advisor and a previous Adjunct Professor at Thunderbird School of Global Management, Arizona State University, USA, and King Saud University, Saudi Arabia.

    F. John Mathis is an emeritus professor of global economics, banking, and finance and former Global Financial Services Center director at Thunderbird School of Global Management, Arizona State University, USA.