Innovation in Low-Tech Industries - An Example of the Food Industry in China
The importance of investing in low-tech industries has been underestimated for a long time because of its low R&D input to output ratio. But in reality, so-called high-tech industries only account for 3 per cent of value added in the OECD, while low-tech industries, such as the food industry, indeed do not lack the opportunities of benefiting from innovation. The driving forces of innovation h
