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Article

Challenges for Innovation and Sustainable Development in Latin America: The Significance of Institutions and Human Capital

1
EGADE Business School, Tecnológico de Monterrey, San Pedro Garza García 66269, Mexico
2
Ductor Consultores SC, Monterrey 32070, Mexico
*
Author to whom correspondence should be addressed.
Academic Editors: Phoebe Koundouri and Pantelis C. Kostis
Sustainability 2021, 13(7), 4077; https://doi.org/10.3390/su13074077
Received: 14 February 2021 / Revised: 9 March 2021 / Accepted: 31 March 2021 / Published: 6 April 2021
(This article belongs to the Special Issue Cultural Dynamic and Innovation Performance)
Sustainable development is considered as one of the vital challenges of the 21st century for humanity. The COVID-19 pandemic has disrupted economic and social life, forcing governments and businesses to reconsider their priorities. There are rare empirical studies on the national innovation system and its relationship to sustainability development for emerging countries. This paper aims at shedding light on how mission-oriented policies have marked sustainable regional development and innovation in Latin America. The present study presents the capabilities that could support the improvement of the national innovation system and, as a consequence, sustainability development. To understand how Latin American countries act on innovation and sustainable development initiatives, two global rankings in these areas, The Global Innovation Index 2020 and The Sustainable Development Report 2020, were analyzed. The results indicate some obstacles must be overcome such as the high levels of social inequality and poverty that still constitute significant challenges for this region. Today’s biggest challenges are facing a pandemic situation and guaranteeing economic development that allows the underprivileged to escape poverty without dooming future generations to an even more degraded environment than the current one. Innovation continues to play a critical role in the transition toward a more sustainable world. View Full-Text
Keywords: mission-oriented policies; dynamic capabilities; sustainable development; innovation Latin America mission-oriented policies; dynamic capabilities; sustainable development; innovation Latin America
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MDPI and ACS Style

Zapata-Cantu, L.; González, F. Challenges for Innovation and Sustainable Development in Latin America: The Significance of Institutions and Human Capital. Sustainability 2021, 13, 4077. https://doi.org/10.3390/su13074077

AMA Style

Zapata-Cantu L, González F. Challenges for Innovation and Sustainable Development in Latin America: The Significance of Institutions and Human Capital. Sustainability. 2021; 13(7):4077. https://doi.org/10.3390/su13074077

Chicago/Turabian Style

Zapata-Cantu, Laura, and Fernando González. 2021. "Challenges for Innovation and Sustainable Development in Latin America: The Significance of Institutions and Human Capital" Sustainability 13, no. 7: 4077. https://doi.org/10.3390/su13074077

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