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Innovation Development Versus Re-industrialization

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The Political Economy of Innovation Development

Abstract

The chapter investigates the methodological background of modern attempts to establish the names for current and future type of our socio-economic system. It is shown that unexpectedly many experts came back to the old used terminology and have offered to define new phenomena to use category of “industrialization” in different combinations, but not using category of “innovation”. The chapter analyses such controversy and considers nessecity the recognition of Schumpeterian conception as the new mainstream of economic theory. The traditional economic programmes pay attention on the competitive advantages of available resources with proposals of their further modernization. Modern Schumpeterian programmes must be to elaborate the innovation model focusing on the creation of new knowledge resources for gaining new competitive advantages.

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Bazhal, I. (2017). Innovation Development Versus Re-industrialization . In: The Political Economy of Innovation Development. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-54852-4_5

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  • DOI: https://doi.org/10.1007/978-3-319-54852-4_5

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-54851-7

  • Online ISBN: 978-3-319-54852-4

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