Social Innovations, Institutional Change and Economic Performance

Description

This book examines the nature of social innovation processes which determine the economic and social performance of nations, regions, industrial sectors and organizations. The current transformation of the world economy underlines the importance of systemic adjustment capacity for the long-term success of industrial economies. The expert contributors outline a theory of social innovation which differentiates between incremental and radical change processes, and suggests areas where policy makers can facilitate proactive changes. Case studies highlight the various rigidities of structural adjustment processes, the economic importance of systemic adjustment capacity, and the challenges of social innovation and structural change in different societies, regions and sectors.

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