Encouraging innovation and entrepreneurship is at the heart of the economic development strategies of many emerging economies. Discuss why this is such an important tactic for emerging economies and how the evolution of these economies in terms of innovation and entrepreneurship could threaten more established economies. Be sure to provide case studies and research with examples to support the position taken and which shows the importance of a sustainable business that is innovative and emerging. Also, include examples in which an established economy was threatened by the emergence of another economy and why this was significant.
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