The Political Economy of Innovation Development

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Focusing on the relationship between R&D, technological innovation, and economic growth, the book builds on Schumpeter's theory to assert that innovation is essential for genuine economic progress, particularly in transitioning and developing countries. Highlighting the contributions of Ukrainian economists Tugan-Batanovskyi and Vernadsky, it explores the evolving role of innovation in economic development and its increasing significance in the future, aiming to advance the discipline's understanding of these dynamics.