Innovation Economic Development And Policy

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The Political Economy of Innovation Development

The Political Economy of Innovation Development
Author :
Publisher : Palgrave Macmillan
Total Pages : 0
Release :
ISBN-10 : 3319548514
ISBN-13 : 9783319548517
Rating : 4/5 (517 Downloads)

Book Synopsis The Political Economy of Innovation Development by : Iurii Bazhal

Download or read book The Political Economy of Innovation Development written by Iurii Bazhal and published by Palgrave Macmillan. This book was released on 2017-07-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book finds that the R&D and technological innovation of a country is not a result, but a factor, of sustained economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and developing countries - is only possible with innovation. With a particular focus on the work of Ukrainian economists, Tugan-Batanobvsky and Vernadsky, the text seeks to move the discipline forward and explain why innovation has become a primary factor of economic development in recent decades and why its role will become even more dominant in the future. Chapters interrogate whether modern economic theory can explain how we ensure the effective functioning of the market economy. The book shows that explanations of economists and politicians regarding the nature of the current economic and financial crisis, and the causes of huge gaps in levels of wealth in market economies, demonstrates that there are not enough satisfactory answers to this question.


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