ENGLISH

The Economic and Legal Foundations of Managing Innovative Development in Modern Economic Systems

By Elena G. Popkova (editor); Aleksei V. Bogoviz (editor); Artem Krivtsov (editor)

Book information

Publisher
De Gruyter Oldenbourg
Year
2020
ISBN
9783110643701, 9783110639759
Language
english
Format
EPUB
Filesize
2 MB (2167817 bytes)
Series
Interdisciplinary Thought of the 21st Century; 2
Pages
222\0
Library
degruyter.com
Time added
2023-07-20 16:05:50

Description

Innovation is of critical value in the modern global economy, as it performs several important economic functions. The first is related to supporting the sustainability of socio-economic systems, preventing the emergence of crises and, if they do occur, providing solutions to overcome their consequences. Secondly, innovation allows for the activation of economic growth and social progress through the rationalization of economic activities. Thirdly, innovation supports the global competitiveness of economic systems, allowing for the specialization of production and sales of unique goods that are in high demand in both domestic and global markets. At the same time, innovational development in economic systems is required to mitigate the high levels of risk and requires both effective management and a reliable normative and legal foundation. This book studies the economic and legal foundations of managing the innovational development of economic systems from an interdisciplinary perspective, bringing together the thoughts of international scholars in management, economics and law. Provides insight into the economic and legal foundations that underpin the innovational development of economic systems.

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