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The Political Economy of Innovation Development: Breaking the Vicious Cycle of Economic Theory

The Political Economy of Innovation Development: Breaking the Vicious Cycle of Economic Theory

Hardcover

Business GeneralEconomicsGeneral Political Science

ISBN10: 3319548514
ISBN13: 9783319548517
Publisher: Palgrave Macmillan
Published: Jul 17 2017
Pages: 135
Weight: 0.73
Height: 0.38 Width: 5.83 Depth: 8.27
Language: English
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.

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Economics