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Globalization: a Road to Innovation

Author

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  • Florentina IVANOV

    () (The Bucharest University of Economic Studies, Romania)

Abstract

Innovations are precious for an economy and quite valuable for their owners, too. But these good-for-everybody things are a strange product of the economic activity, they are based on creativity, they tend to be unpredictable and risky, they come up where one would least expect and many times fail to respond to economic incentives. This article argues that there is a less expensive way to foster innovation, and that is to open the economic sector towards external influence. This article will test the following hypothesis: does an open economy have an increased innovation activity? In order to make a reasonable approximation of the level of openness and innovation, we used indicators like: the international mobility of the university students and teachers, the direct foreign investments and the percentage of population involved in R&D activities. More precisely, we tested if the level of globalisation of the Romanian macroeconomic regions had a significant impact over the R&D activity of the same regions.

Suggested Citation

  • Florentina IVANOV, 2014. "Globalization: a Road to Innovation," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(5), pages 626-634, December.
  • Handle: RePEc:rom:rmcimn:v:15:y:2014:i:5:p:626-634
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    File URL: http://rmci.ase.ro/no15vol5/10.pdf
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    References listed on IDEAS

    as
    1. Cristina COTOCEL & Bogdan GRIGORAª & Constantin FLOREA & Nicolae CONCIOIU & Adrian STAN, 2014. "Strategic Management of Sustainable Development of Romania in the European Context – Europe 2020," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(4), pages 431-439, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    knowledge transfer; transfer of competencies; R&D; mobility; globalisation.;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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