SMEs and Intellectual Property: how to escape the middle-income trap
Talks about avoiding or escaping the middle-income trap are widespread around the world, not least in South-East Asia, where only two out of ten countries – Brunei and Singapore – are currently in the high-income bracket ([1]). It has become increasingly obvious that innovation is the key to escaping this trap. While technology transfer and direct foreign investment have brought much wealth to many economies in previous decades, this development pathway has its limits.