The New Globalization of Innovation

2021 ◽  
pp. 11-30
Author(s):  
Dan Breznitz
Keyword(s):  
Economic Growth ◽  
Social Outcomes ◽  
Goods And Services ◽  
The World ◽  
Local Economic Growth ◽  
Local Ecosystem

This chapter demonstrates that not only has the production landscape changed, but that the entire innovation landscape has been transformed as well. Globalization means that innovation in goods and services is now fragmented into four stages, ranging from invention of novel gadgets and technologies to new ways to assemble finished products. Each of these stages necessitates a different local ecosystem of innovation-based growth, and success in each of these leads to very different social outcomes. The chapter introduces the basic thought concepts to be used throughout the book, organizing a narrative for the reader. This will allow readers to let go of their existing (and wrong) “taken-for-granted story” of how the world works, so they can develop a radically new understanding of innovation and local economic growth under globalization.

China may yet revive Western economies

2016 ◽  
Keyword(s):  
Economic Growth ◽  
Capital Accumulation ◽  
Global Financial Crisis ◽  
Labour Productivity ◽  
Commodity Prices ◽  
Content Type ◽  
Goods And Services ◽  
The World ◽  
Growth Prospects ◽  
Stimulus Package

Subject China's economic growth prospects. Significance After the 2008 global financial crisis, China's resilience thanks to Beijing's large and rapid stimulus package was credited with making China the engine of growth for the world economy. Today, China is seen as the opposite, with diverse economic ills across the world routinely blamed on China's slowdown. Impacts Investment in heavy industry will not rebound, but there is still ample scope for investment in construction related to urbanisation. Consumption will make the largest contribution to economic growth. The rate of capital accumulation will remain high for some years, boosting labour productivity further. With wages still rising, inflation in China will pick up once commodity prices stop falling. Inflation in China will feed into inflation in the West, while a more affluent China demands more goods and services.

The Impact of Non-Cash Payments in Economic Growth

Economica ◽  
2021 ◽  
Author(s):  
Ana Cirlan ◽  
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
Real Time ◽  
National Economy ◽  
Goods And Services ◽  
The World ◽  
The Many ◽  
The Impact ◽  
Development And Evolution

The world of cashless payments is developing at an accelerated pace due to the emergence of innovative payment tools that allow the processing of transactions in real time. This is the result of decades of development and evolution, and changes in information technology have had an impact on all aspects of life, including methods of paying for goods and services. The analysis of the impact of cashless payments on economic growth is justified by the many benefits they bring. In this context, it is essential to emphasize the need to implement measures that would help promote cashless payments, which in turn will help streamline the functioning of several branches of the national economy thanks to the transparency they provide.

scholarly journals A Theoretical Review on the Status and Trend of Exports (Goods and Services) and Investments (Foreign and Domestic) in Assam and North-East India and their Untapped Impact on the Economic Growth of the Region: The Story so far

2013 ◽  
Vol 1 (3) ◽  
pp. 356-377
Author(s):  
Rashmita Barua ◽  
Banik G G
Keyword(s):  
Economic Growth ◽  
Capital Investment ◽  
Rapid Development ◽  
Eastern Region ◽  
North East India ◽  
Goods And Services ◽  
North East ◽  
The World ◽  
The Status ◽  
Geographic Remoteness

A number of studies reveal that export expansion is widely regarded as a means to attain higher rate of economic growth. In a dynamic setting, trade usually enhances technological up-gradation, higher rates of productivity, attracts inward investment and facilitates economic growth. One of the most viable development strategies for a country‟s economic success is to find its own niche in the global marketplace, which means to be able to tap the demands of the world economy. Many developing countries have been trying to overcome a dismal economic situation by promoting international trade. In these efforts, exports have been viewed as an „engine‟ ofeconomic growth. With the emergence of the World Trade Organization, the institutional framework for freer multilateral movement of goods and services has been strengthened. Although the Indian Economy has been benefited from the time new economic reforms were initiated since 1991, North-Eastern Region still remains to be far from the purview of India‟s rapid development. With its geographical remoteness, inherent deficiency in infrastructure and the bad publicity for recurrent ethnic strife and militant activities, the region obviously could not become an attractive destination for private and foreign capital investment. But in this period of globalization, where closer cross-border economic ties are being speeding up in many parts of the world, border trade has come to be looked upon with a lot of expectation in this region to break free from the shackles of geographic remoteness. Given the natural and human resource potential of Assam, the need for higher growth has recently been felt by various sections of the people as well as the State and Central Governments.

Conclusion

2021 ◽  
pp. 185-188
Author(s):  
Dan Breznitz
Keyword(s):  
Economic Growth ◽  
Public Goods ◽  
Innovation Policy ◽  
Global Knowledge ◽  
Firm Level ◽  
Strong Belief ◽  
Local Economic Growth ◽  
Local Ecosystem ◽  
Fragmentation Of Production

This chapter concludes the book, reminding the reader that the act of innovation is what makes humans unique, and urging for a strong belief in human ingenuity. It also briefly summarizes the main points of the book, namely innovation versus invention, innovation and local economic growth, global fragmentation of production, innovation stages, the only two innovation actors, the three goals of innovation policy, and how to adhere to the four fundamentals (flows of local-global knowledge, demand, and inputs; the supply and creation of public and semi-public goods; building a local ecosystem that reinforces the firm-level benefits of the previous two fundamentals; and the co-evolution of the previous three fundamentals).

The impact of exports on the national economies' condition and changes in their status at the global competitiveness level

2020 ◽  
Vol 19 (11) ◽  
pp. 2050-2067
Author(s):  
K.A. Ermolaev ◽  
M.S. Kuz'min
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Fixed Effects ◽  
High Technology ◽  
Pharmaceutical Products ◽  
Second Phase ◽  
Goods And Services ◽  
The World ◽  
National Economies ◽  
The Impact

Subject. The article addresses the exports of high-technology products and services. Objectives. The purpose is to assess the impact of exports of high-technology goods and services on the condition of national economies. Methods. The study rests on a hierarchy of hypotheses from the general to the specific, i.e. that the increase in exports leads to the economic growth of the country (H1), the exports of goods and services, with varying force, affect the economic growth of the country (H2), the increase in exports of certain categories of high-technology goods directly affects the economic growth of the country (H3). In the first stage, our analysis revealed that under the world economy globalization, exports of almost all countries of the world continue growing. In the second phase, to test the hypotheses we applied methods of multivariate statistical analysis, including the study of a fixed effects model enabling to consider non-measurable individual differences of objects. Results. The study confirms H1 and H2 hypotheses. While testing the H3 hypothesis, we found that the exports of machinery and equipment, pharmaceutical products, services in the field of computer and telecommunications services affect GDP, and the exports of electronics, insurance and financial services have no statistically significant impact on GDP. Conclusions. Although the findings require further investigation of identified causal relationships, we can conclude that they may have a significant impact on feasibility and effectiveness of government measures for boosting international trade and introduced trade barriers.

scholarly journals Contributions of creative industry startups to the professionalization of this sector in Brazil

2021 ◽  
Author(s):  
Lara Alves Rosa Gomes ◽  
Alber Francisco Neto ◽  
Rafaela Landim Gomes Siqueira ◽  
Pompílio Guimarães Reis Filho
Keyword(s):  
Economic Growth ◽  
Best Practices ◽  
Growth And Development ◽  
Innovation Management ◽  
Creative Industry ◽  
Management Framework ◽  
Economic Growth And Development ◽  
Goods And Services ◽  
The World ◽  
Consumer Habits

Startups are changing consumer habits for goods and services around the world as quickly create and deliver value by solving society latent demands. In creative industry, startups are an important vector for the propagation of this movement, however, despite the vast Brazilian potential, there are several challenges related to the lack of training in management and innovation for this industry gain strength. Thus, this study aims to develop, apply and evaluate an innovation management framework based on the best practices of successful startups in the Brazilian creative industry. To this end, three macro research steps will be completed, initially the understanding of the explored context, then the first version of the product will be developed and, finally, the evaluation and improvement of the product will be carried out based on the feedbacks. As a result, it is expected to help the professionalization process of other startups and companies in this sector in Brazil, as this new economic model (creative, social and inclusive) has proved to be an exponent of economic growth and development around the world.

scholarly journals Growth formula: economy of Portugal after the “Carnation Revolution”

2021 ◽  
Vol 8 (3) ◽  
pp. 74-88
Author(s):  
P. P. Yakovlev
Keyword(s):  
Economic Growth ◽  
Effective Response ◽  
Goods And Services ◽  
Production And Consumption ◽  
The World ◽  
Macroeconomic Indicators ◽  
Portuguese Economy ◽  
World Economic ◽  
The Portuguese Economy ◽  
Key Indicators

This article provides an overview of the Portuguese economy in the last quarter of the 20th and early 21st centuries. Assessing several key indicators of economic development within a historical perspective, the author highlights the most important factors that set the dynamics of national socio-economic growth. For more than four decades, since the “Carnation Revolution” (April 25, 1974), the Portuguese Republic has undergone profound changes in the economy and the socio-political sphere. In the country, there are new, as well as modernized traditional industries, a modern structure of production and consumption; GDP has increased six times, exports of goods and services have grown dramatically. In general, Portugal organically blended in the world economic system, took its rightful place in the global division of labor. One should take into account the effects of the global crisis of 2008-2009, when the Portuguese economy found itself in the epicenter of the “perfect storm” (pairing internal and external negative factors) and was pushed back in practically all key macroeconomic indicators. Despite such a system failure, in the second half of the 2010s, Portugal managed to cope with the peak of the crisis, overcame the general effects of the recession and began to show some of the highest rates of economic growth among the states of the euro zone. However, preservation of the positive economic dynamics is currently threatened by external challenges that require timely and effective response. Such challenges of global nature include the COVID-19 pandemic, the economic impact of which appeared to be a real shock for Portugal, as well as for many other countries in the world.

Paradigm Of National Income in Islamic Economy

2021 ◽  
Vol 7 (1) ◽  
pp. 93-102
Author(s):  
Hery Purwanto ◽  
Siswahadi Siswahadi
Keyword(s):  
Economic Growth ◽  
Economic Activity ◽  
National Income ◽  
Eternal Life ◽  
Economic Growth And Development ◽  
Literal Sense ◽  
Goods And Services ◽  
Long Run ◽  
The World ◽  
Production Increase

Economic growth and development are macroeconomic problems in the long run. Every country has the opportunity to realize economic growth because the factors of the production increase from one period to another and therefore national income can be increased. National income is one of the important variables in macroeconomic discussions. The term national income is a translation of national income (in full, National Income Accounts). National income does not only calculate national income but also calculates expenditures, even for goods and products nationally. These calculations are performed periodically, usually in annual or quarterly units of time. Since national income can mean all income, all expenditure, or all production of goods and services, the calculation can be made based on the type of economic activity. In Islamic economics, national income is measured by the parameter Falah, namely true welfare and welfare. The sources of national income according to Islam are zakat, fai, and ghanimah. In a literal sense, Falah is glory and victory in life. For the life of the world, Falah includes three definitions, namely survival, freedom of desire, and strength and honor. As for the hereafter, Falah includes the meaning of eternal life, prosperity and eternal glory, and eternal knowledge.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

The Instruments of the Stabilization Fund: The Experience and Prospects

2004 ◽  
pp. 65-75 ◽  
Author(s):  
Mst. Afanasiev
Keyword(s):  
Economic Growth ◽  
Oil Prices ◽  
Federal Budget ◽  
Future Generations ◽  
The World

Сreation of the stabilization fund has become the main feature of the Russian federal budget for 2004. This instrument provides the opportunity to reduce the dependence of budget incomes on the fluctuations of oil prices. The accepted model does not consider the world experience in building of such funds as the "funds for future generations", and the increase of other revenues from the growing oil prices as well. That can lead to shortening and immobilization of the financial basis of economic growth.

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