International Seminar on Innovation and Development under Globalisation: BRICS Experience - 19-21 August 2009

One of the recent developments in the global economy has been the emergence of select developing countries like Brazil, Russia, India, China and South Africa as the "Southern Engines of Growth". If the available evidence is any indication these countries are also emerging as the "engines of southern growth" through their increasing role in south-south trade, investment and technology transfer. The emergence of these countries is to be seen in the context of the innovation system that was evolved over the years. Hence, a proper understanding of the dynamics of innovation in these countries under globalization could be of immense policy relevance not only for each of these countries but also for the BRICS as a group and other less developed countries that are aspiring to catch up.