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Unleashing Society's Innovative Capacity: An Integrated Policy Framework

Unleashing Society's Innovative Capacity: An Integrated Policy Framework

Hardcover

Series: International Studies in Entrepreneurship, Book 55

Business GeneralEconomics

ISBN10: 3031427556
ISBN13: 9783031427558
Publisher: Springer Nature
Published: Nov 17 2023
Pages: 184
Weight: 1.04
Height: 0.50 Width: 6.14 Depth: 9.21
Language: English

This is an open access book.

Europe faces significant challenges in the coming decades: geopolitical, demographic, technological, increased competition, climate-related, and health issues due to an aging population, to mention a few. Given these challenges, technological progress and new ways of handling complex issues will be key to continued prosperity and growth. To accomplish a growth process driven by innovation and entrepreneurship, the institutional environment must take into account a multitude of different policy areas that interact to either strengthen or weaken an economy's innovative potential. Innovation is not only about R&D and higher education but is also intimately related to entrepreneurship. Similarly, entrepreneurship is not only about low start-up costs and favorable tax rates. Hence, a consistent and coordinated policy environment conducive to innovation and entrepreneurship is required to translate innovation into high-growth firms and macro-level growth.

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