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

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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 ...

The Political Economy of Innovation Development: Breaking the Vicious Cycle of Economic Theory 2017, Palgrave MacMillan

ISBN-13: 9783319548517

Hardcover

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