The meaning of innovation and entrepreneurship, and the policies made to
promote them differ across groups of developing countries. On the one hand, there
is a small group of countries such as Brazil and Mexico which has achieved a
certain stage of capitalistic development that provides an institutional environment
for encouraging innovation and entrepreneurship. On the other hand, there is a large
group of countries in Africa and Asia as well as in Latin America which lacks the
critical level of capital accumulation even for sustainable development, let alone for
the growth of innovation and entrepreneurship.