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Political Economy of Innovation Development : Breaking the Vicious Cycle of E...

Description: Political Economy of Innovation Development : Breaking the Vicious Cycle of Economic Theory, Hardcover by Bazhal, Iurii, ISBN 3319548514, ISBN-13 9783319548517, Brand New, Free shipping in the US 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 Schumpeters 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. Th 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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Political Economy of Innovation Development : Breaking the Vicious Cycle of E...

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

Number of Pages: IX, 135 Pages

Language: English

Publisher: Springer International Publishing A&G

Topic: International Relations / Trade & Tariffs, Development / Economic Development, Public Policy / Economic Policy, Industrial Technology

Publication Year: 2017

Illustrator: Yes

Genre: Political Science, Technology & Engineering, Business & Economics

Item Weight: 105.4 Oz

Item Length: 8.3 in

Author: Iurii Bazhal

Item Width: 5.8 in

Format: Hardcover

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