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Synergy Of Research, Development And Innovation Activities, Support For Sustainable Development

Author

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  • Madalina ALBU

    (Petroleum-Gas University of Ploiesti, Romania)

Abstract

The main role of research, development and innovation, RDI, is to improve people's living conditions through the sustainable development of organizations. To find solutions to environmental challenges, organizations need to implement new projects that create synergy between science and society by involving all stakeholders in the sustainable development of society in general. Research, development and innovation activities should be seen as an investment in the harmonious development of future agribusinesses. Capitalizing on all the strengths and opportunities offered by the current environment and the current level of society development must stimulate innovative solutions to develop an economy in harmony with nature. Competition between states is also manifested through fiscal or other facilities offered to local or foreign investors. Among other factors, the attractiveness of a country for investors is also given by the incentives they can get for RDI activities. To this end, Romania has to align with EU standards in order to overcome the limits and to contribute directly to the well-being of European society and citizens by allocating resources to finance significant RDI activities.

Suggested Citation

  • Madalina ALBU, 2019. "Synergy Of Research, Development And Innovation Activities, Support For Sustainable Development," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(2), pages 141-147.
    • Handle: RePEc:brc:brccej:v:4:y:2019:i:2:p:141-147
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    More about this item

    Keywords

    sustainable development; innovation;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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