“We have become a victim to the mania of talking about innovation and have neglected other important areas of the economy, i.e. people who make the world go round but who do not invent new products,” says professor Lee Vinsel from Virginia Tech.
Monopolies using their market power to suppress competition and raise prices pose a genuine threat to GDP growth. They can hurt it as much as poor economic policy, says Professor Jonathan B. Baker from the American University Washington College of Law.
Development depends on the economy's saturation with entrepreneurs who are motivated by the desire to creative new things, and not just to make a living for themselves. That is why the expansion of start-ups is so important.
As the only Central and Southeast (CSE) country Estonia moved from a position of a Moderate Innovator into a group of Strong Innovators in the European Innovation Scoreboard 2019 (EIS) prepared by the European Commission (EC).
Polish universities want to regain 107 Polish scientists working abroad as part of the first edition of the Polish Returns Program. The research teams they will build aim to create a new quality in the Polish science.
The state does not have its own capital and in order to create something it first needs to take resources from someone else, says Professor Robert Ciborowski, the President of the University of Białystok.
The latest Global Innovation Index (GII) has classified the Baltic States highly. The Index ranks 126 countries and their innovative aspects within political environment, education, and infrastructure and business culture.
The model of capitalism emerging in Central and Southeast Europe is similar to the Southern European model. The region is so diverse, however, that a homogeneous regional model of the economy is unlikely to develop.