The gap between developed countries and developing countries are increasing, rather than decreasing as it was hoped and expected in the beginning of the century. This gap is clearly reflected in the Global Innovation Index 2017. Countries in transition or in emerging economies are taking long time to figure out how to deal with innovation as currency and source of differentiation. (Buheji, 2018a).

In this review, the innovation of developing countries and those in transitions is reviewed closely through the work of Tsvetkova et. al (2017). A close recommendation is set in the conclusion of this paper about future coming work that would help developed the efforts of the concerned academics, practitioners, innovation advocates and decision makers.