Innovations and new technology systems create new opportunities for initial advantage and cumulative causation in peripheral regions.

Question

Quizplus · Accepted Answer

Innovations and new technology systems tend to create new business opportunities and boost economic growth in peripheral regions, leading to initial advantage. As more businesses and industries thrive in these regions, the cumulative causation effect takes place, further enhancing their competitive position in the market. Therefore, innovation and new technology often drive economic development in peripheral regions.

Innovations and New Technology Systems Create New Opportunities for Initial