Role and importance of innovation in the development of Serbian economy

In the knowledge economy, innovation is the most important source of change. Continuous innovation in contemporary dynamic conditions is of great importance because it provides sustainable competitiveness in the domestic and global levels. Serbia is facing major challenges when it comes to innovatio...

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Main Author: Dajić Maja
Format: Article
Language:English
Published: Viša ekonomska škola Peć, Leposavić 2017-01-01
Series:Ekonomski Signali
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2017/1452-44571701055D.pdf
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author Dajić Maja
author_facet Dajić Maja
author_sort Dajić Maja
collection DOAJ
description In the knowledge economy, innovation is the most important source of change. Continuous innovation in contemporary dynamic conditions is of great importance because it provides sustainable competitiveness in the domestic and global levels. Serbia is facing major challenges when it comes to innovation. The development of the Serbian economy is not entirely driven by innovations because the business environment is not sufficiently adapted to the development of the innovation system. Also, the scientific community is an invaluable national resource that is underutilized. There are no adequate allocations for science, which is the basis for the creation of new knowledge relevant to the emergence of innovation. In addition to these there are many other factors that hinder the development of innovative Serbia. The goal of this paper is to point out what the situation is in terms of innovation Serbia in 2016, which factors limit the innovative ability of our country and what are the measures to be taken to facilitate the development of the system innovation Serbia.
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spelling doaj.art-24d009bbda924b9e881ef37deac377d62022-12-21T20:29:05ZengViša ekonomska škola Peć, LeposavićEkonomski Signali1452-44572017-01-01121556410.5937/ekonsig1701055D1452-44571701055DRole and importance of innovation in the development of Serbian economyDajić Maja0University of Priština, Faculty of Economy, Kosovska Mitrovica, SerbiaIn the knowledge economy, innovation is the most important source of change. Continuous innovation in contemporary dynamic conditions is of great importance because it provides sustainable competitiveness in the domestic and global levels. Serbia is facing major challenges when it comes to innovation. The development of the Serbian economy is not entirely driven by innovations because the business environment is not sufficiently adapted to the development of the innovation system. Also, the scientific community is an invaluable national resource that is underutilized. There are no adequate allocations for science, which is the basis for the creation of new knowledge relevant to the emergence of innovation. In addition to these there are many other factors that hinder the development of innovative Serbia. The goal of this paper is to point out what the situation is in terms of innovation Serbia in 2016, which factors limit the innovative ability of our country and what are the measures to be taken to facilitate the development of the system innovation Serbia.http://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2017/1452-44571701055D.pdfinnovationchangeglobal innovation index
spellingShingle Dajić Maja
Role and importance of innovation in the development of Serbian economy
Ekonomski Signali
innovation
change
global innovation index
title Role and importance of innovation in the development of Serbian economy
title_full Role and importance of innovation in the development of Serbian economy
title_fullStr Role and importance of innovation in the development of Serbian economy
title_full_unstemmed Role and importance of innovation in the development of Serbian economy
title_short Role and importance of innovation in the development of Serbian economy
title_sort role and importance of innovation in the development of serbian economy
topic innovation
change
global innovation index
url http://scindeks-clanci.ceon.rs/data/pdf/1452-4457/2017/1452-44571701055D.pdf
work_keys_str_mv AT dajicmaja roleandimportanceofinnovationinthedevelopmentofserbianeconomy