Book Description

This book proposes the theory and practice of endogenous development that helps to analyze economic dynamics and works within a context of continuous economic, technological, and institutional transformations. This approach will help shape both our understanding and response in times of economic crisis. The book also focuses on the evolutionary approach, analyzing development forces that condition the capital accumulation process. It contends that entrepreneurial development and the formation of firm networks, the diffusion of innovations and knowledge, the urban development of the territory, and the change and adaptation of the institutions are mechanisms that stimulate capital accumulation, and thereby, economic development.