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Bridging local embeddedness and global dynamics – the economics of social innovation

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  • Judith Terstriep
  • Dieter Rehfeld

Abstract

Research on social innovation has gained momentum over the last decade, spurred notably by the growing interest in social issues related to policy making, public management and entrepreneurship in response to the wicked problems societies in Europe and worldwide face. Its popularity among academics and policy makers also marks a turning point in how innovations are thought of and what their role in economic development is. However, for social innovations to unfold their full potential for the beneficiaries and societies at large a better understanding of underlying mechanisms, processes and impacts is necessary. Focusing on ‘the economics of social innovation’, this special issue addresses a widely neglected topic in regional development. The contributions cover distinct but complementary and related aspects concerning the existing gap between the hitherto unexploited potential of social innovation in relation to the complex and interrelated socio-economic challenges regions across Europe and globally face. This editorial provides a brief introduction in the Special Issue’s general theme followed by an overview of the lines of argumentation and main results of the contributions. It concludes with an outlook on future research.

Suggested Citation

  • Judith Terstriep & Dieter Rehfeld, 2020. "Bridging local embeddedness and global dynamics – the economics of social innovation," European Planning Studies, Taylor & Francis Journals, vol. 28(5), pages 853-863, July.
  • Handle: RePEc:taf:eurpls:v:28:y:2020:i:5:p:853-863
    DOI: 10.1080/09654313.2020.1766106
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    Cited by:

    1. Samuel Adomako & Mai Dong Tran, 2022. "Local embeddedness, and corporate social performance: The mediating role of social innovation orientation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(2), pages 329-338, March.

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