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This book discusses the influence of technological and institutional change in development and growth, the impact on innovation of labor markets, the spatial distribution of innovation dynamics, and the meaning of knowledge generation and knowledge diffusion processes for development policies. The contributions of the book demonstrate the powerful possibilities that emerge from the toolkit of evolutionary and Schumpeterian economics. The book shows that evolutionary economics is able to be applied on the multi-facetted phenomena of economic development. The book shows that a strong knowledge and innovation orientation is key to development, especially in less developed and emerging economies.