Analysis of the Western Balkans countries' innovative systems
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Date
2023
Authors
Fedajev, Aleksandra
Panić, Marija
Živkovic, Živan
Journal Title
Journal ISSN
Volume Title
Publisher
University of Belgrade, Technical Faculty in Bor
Source
IMCSM23 proceedings - XIX International May Conference on Strategic Management, May 25, 2023, Bor, 2023, 594-604
Volume
XIX
Issue
1
Abstract
While the Western Balkan (WB) countries have been actively seeking membership in the EU, their level of development is diverging more and more from that of the EU as a whole. Along with the protracted reform processes and numerous political and social unrest, these nations' lack of innovation should be considered a possible cause of these results. Based on information from the GII report for 2021, this research seeks to conduct a comparative analysis of the innovation in the WB countries and pinpoint their major advantages and disadvantages in this area. According to the results, Serbia is the top-ranked country when all factors are considered. The results have outlined some recommendations and instructions for economic policymakers in these countries to enhance innovation in the future.
Description
Keywords
Innovation, GII, Innovative system, Western Balkan
Citation
DOI
Scopus
ISSN
2620-0597
ISBN
978-86-6305-136-2
License
CC-BY-NC-ND