In an economic landscape where growth is often sluggish, certain firms manage to outpace the average and achieve remarkable expansion. The book explores the institutional conditions that enable companies to innovate effectively and sustain fast growth despite the constraints of a slow-growth economy. By analyzing the interplay between institutional frameworks, firm behavior, and innovation dynamics, the authors provide valuable insights for business leaders, policymakers, and scholars interested in fostering competitive advantage under challenging economic scenarios.

• Institutional environment shapes innovation: The regulatory, cultural, and economic institutions surrounding firms significantly influence their capacity to innovate and...
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