Innovation in Emerging and Frontier Markets


While many investors consider innovation to be the province of Silicon Valley and other high-tech centers in developed markets around the world, the reality is very different.  A look at where intellectual property is being created gives us some indication that we have to broaden our horizons as investors if we want to take full advantage of the potential opportunities.  Innovation occurs in developed markets, in emerging markets, and even in frontier markets.  Moreover, innovation isn’t confined to Internet companies and other high-tech enterprises.  It’s just as prevalent among health-sciences companies that improve the quality of our lives—and among businesses that bring existing technologies to new applications.  This paper discusses three companies that we believe exemplify innovation in emerging and frontier markets.

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