ICT Diffusion, inward foreign direct investment,and entrepreneurship in developing countries:a research note

The last decades have stablished the fundamental importance of technological progress for economic growth and wealth creation. Most new technology is created in developed countries. For these countries, the fundamental problem for growth is to harness the economic value of new inventions by converting them into new products, processes and organizational means. Entrepreneurship plays a fundamental role in this course of events (Shane 2001; Michelacci 2003; Acs et al. 2004; 2009). In developing countries the diffusion of new technologies plays an essential role in fostering growth