The Political Economy of Innovation Development: Breaking the Vicious Cycle of Economic Theory
| Author | : | |
| Rating | : | 4.24 (585 Votes) |
| Asin | : | B073J1MYQN |
| Format Type | : | |
| Number of Pages | : | 311 Pages |
| Publish Date | : | 2013-06-15 |
| Language | : | English |
DESCRIPTION:
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
From the Back Cover 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.