With the globalization of economies and competition, innovation has become the most important factor in
world with their far-reaching impacts on businesses, societies, economies cultures, and personal lives Mega Trend Impact on Society
Companies will now look at new economies â€oebeyond BRIC€ and new hotspots for their business operations
Meanwhile, developing economies will contribute around 65%to 70%of global growth in the next 10 years and the 40 largest urban Mega Regions
from railroads, shipping, local economies, and farming. In the US for example, shale gas will increase from 22.8%in 2010 to 46%in 2035 in the
circular economy where there is no wastage and every product and service is reusable Social Innovation to answer Society†s Challenges
economies Source Frost & Sullivan Source: Frost & Sullivan Social Innovation to answer Society†s Challenges
intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies For information regarding permission, write
Plant the SEEDS †Grow the Economy JEI ***Table of contents Acknowledgments 5 Chairman†s Foreword 7
4. 5 Bio Technology and the Green Economy 87 4. 6 Creative Industries and the ICT sector 90
4. 7 Social Economy and Economic Self reliance 95 5. Appendices 101 5. 1 Membership of the Joint Committee 101
Development & Digital Media and Biotechnology & the Green Economy We need a joining up of local and national policy.
While geographic inequalities in the economy are recognised by the State; there is a continued prioritisation of the urban centres.
and grow the regional economy Stakeholder consultation meetings were held in each of the five counties.
and interventions necessary to help grow the regional economy The report is divided into five chapters, an executive summary, a profile of the Southeast, key development areas,
Bio Technology and the Green Economy Key Proposals Develop a green economic strategy for the Southeast region,
Develop a regional branding and strategy and market the Southeast as a Green Economy region with support from Government departments and relevant agencies
Social Economy and Economic Self reliance Key Proposals The development of a pilot †Programme for Economic Self Reliance†in the region whose aim would be to create ten jobs in every community and a regional network of micro-economies
The Southeast Economic Development Forum should establish a sub group tasked with mobilising and coordinating the resources available, pilot a variety of enterprise projects across the five counties for replication across the region,
The holding of information sessions in each county in the region to build awareness of the social economy and social enterprises
Bio Technology and the Green Economy 2. Profile of the Southeast †Strengths and Weaknesses
A recurring theme across the consultation meetings that inform this document is the vital role of education in building the economy
Waterford City and County Councils point out that numerous reports published regarding the re-designation of WIT as a university have highlighted that this deficit in infrastructureâ impacts negatively on the region†s economy.
and to retain them in the local economy and also the ability of WIT to attract R&d funding
and Bio Technology and the Green Economy Improving Educational Attainment In the consultations, WIT€ s Dr. à heagartaigh spoke to changing the culture of the region
and appropriate activation measures to address the unacceptable low literacy levels in Irish society is cost-effective to the individual, their family, society and the economy
a total of 15%over the two years reflecting the sharp downturn in the economy over that period.
Colin Buchanan is of the view that Waterford Airport is key to the economy of the Southeast region
Small and Medium Enterprises make up over 99%of businesses in the enterprise economy in Ireland
Since 2008, Ireland has seen a marked decline in its business environment, reflected in the number of layoffs and the collapse in private sector investment in the economy.
Milk and beef production are vital cogs in the Southeast economy and the region has the potential to be a world leader in all aspects of the industry,
so it is little wonder that tourism plays such an important role in the economy of the Southeast
4. 5 Bio Technology and the Green Economy Any economic development plan for Southeast must trade on the green and clean credentials of the region, with its good weather, fertile landscape, low density of population, lack of traffic,
Develop a regional branding and strategy and market the Southeast as a Green Economy region with support from Government departments and relevant agencies
Taken together, the creative and cultural sector is a vital element of any regional economy.
4. 7 Social Economy and Economic Self reliance Community Enterprise Community Enterprise is an important sector
and value of a strategy for economic self-reliance in the region, fostering a spirit of †doing it for ourselves†and expanding opportunities in the social economy and social enterprise sectors
whose aim would be to create ten jobs in every community and a regional network of micro-economies
such as reaching economy of scale and making a business more viable Because cooperatives are owned and democratically controlled by their members,
Developing the Social Economy The social economy is also an important and often misunderstood sector.
It offers the potential to create sustainable jobs and enterprise in the region. However, it needs to be supported properly through national and local government intervention
To this end, we recommend the holding of information sessions in each county in the region to build awareness of the social economy and social enterprise and the development of a pilot Social Enterprise Business Training Programme for community
Social Economy and Economic Self reliance Key Proposals The development of a pilot †Programme for Economic Self Reliance†in the region whose aim would be to create ten jobs in every community and a regional network of micro-economies
The Southeast Economic Development Forum should establish a sub group tasked with mobilising and coordinating the resources available, pilot a variety of enterprise projects across the five counties for replication across the region,
The holding of information sessions in each county in the region to build awareness of the social economy and social enterprises
The Southeast†s number of overseas-based pharmaceutical and life sciences companies account for a significant amount of export income to the economy
Companies based in the Southeast account for a significant amount of export income to The irish economy
The QNHS only provides an aggregate measure of unemployment for the economy as a whole and does not measure unemployment in each economic sector
which are essential to delivering the high quality infrastructure required to support a growing competitive economy focused on attracting foreign direct investment
multiethnic society and a knowledge-based economy -Develop programmes of ongoing and long-term support for activities that are
Economist editor: Big data is a goldmine for companies...p. 6 Boosting e-skills in European higher education
â 63 billion to the economy, with a positive impact on youth unemployment â€oethe real issue is that there are going
economy as a whole â€oewe need more highly specialised computer engineers. The ICT sector currently lacks people with the right skills
loss for the European economy and for millions of customers who could benefit from ideas contributed by talented women
The app economy workforce is predicted to triple its revenues from â 17.5 billion to â 63 billion from 2013 to 2018
Economist editor: Big data is a goldmine for companies Computer algorithms are better at diagnosing severe cancer than
Economist and co-author with Viktor Mayer -Schã nberger of Big data: A Revolution That Will Transform How We Live Work and
Economy is our commitment. We mean it when we say that the digital literacy is on the
economy, despite the fact that in the future â€oe90%of jobs will require at least some basic digital skills. †â€oein Europe, 25%of adults do not
â 800 billion in the European economy. The data mentioned is catalytic and shows us
1. The Computer Revolution, the"Productivity Paradox"and the Economists Over the past forty years, computers have evolved from a specialized and limited role in the information
performance of the economy at large crystallized around the perception that the U s.,along with other advanced
industrial economies, was confronted with a disturbing"productivity paradox.""The precipitating event in the formation of this"problematic"view of the digital information technology was an offhand (yet nonetheless
new economy"or"new paradigm"of macroeconomic behavior It should not be surprising, therefore, that shifting understandings about the nature of the information
subscribed publicly to a strongly optimistic reading of the American economy's prospects for sustaining rapid
economic transformation in which the U s. economy is taking the lead: 2 â€oewe are living through one of those rare, perhaps once-in-a-century events...
and satellite technologies have changed fundamentally the structure of the American economy. †Yet, many economists continue to demur from this view,
and there has been no lack of skepticism regarding the potential of the new information and communications technologies to deliver a sustained surge of
Among academic economists the consensus of optimistic opinion now holds a wait -and-see attitude,
the U s. economy well into the 1990's. The figures relating to the private non-farm business economy are
4 Moving from the private domestic economy to the private business economy concept also eliminates the distortions in the
perplexing conjuncture with the wave of ICT-embodying investments in the U s. economy thus have continued
persistence of the slow trend rates of TFP growth experienced in the U s. economy during the past two decades
and measure the performance of the economy which is undergoing significant and unprecedented structural changes.
are identified above, it seems to have been rather misleading for economists to have approached these as though
which there seems to be broad agreement among economists. The magnitude of the bias, however, is another question.
the private domestic economy over the period 1966-89.10 Were we to allow for this by making an upward
whether structural changes in the U s. economy have exacerbated the problem of output underestimation, and thereby contributed to the appearance of a productivity
and employment in the"hard-to-measure"sectors of the economy is immediately pertinent. The bloc of the U s
private domestic economy comprising Construction, Trade, Finance, Insurance, and Real estate (FIRE), and miscellaneous other services has indeed been growing in relative importance,
growth were measured properly for the rest of the economy. Taking account of the increasing relative weight of
the hard-to-measure sector in the value of current gross product for the private domestic economy, the implied
measurement bias for the whole economy--under the conditions assumed--must have become more 13 Gross product originating in Griliches†â€oehard-to-measure†bloc average 49.6 percent of the total over the years 1947
appeared when economists sought to illuminate the macro-level puzzle through statistic studies of the impact of
the economy, which emerges starkly from the growth accounting studies by Stiroh (1998), may be in some part an artifact
efficiency of the economy by calculating TFP as the ratio of aggregate real output to the aggregate inputs of
increasingly widespread as digital information technologies diffuse throughout the economy, deserves further consideration 3. 2 Leaving out investments in organizational change:
Bresnahan and Trajtenberg (1995), of â€oegeneral purpose technologies†that transform an economy by finding many new lines of application,
the economy. While the positive, long-run growth igniting ramifications of a fundamental technological breakthrough of that kind are stressed in the formalization of this vision by the new growth theory literature, the
can result in long delays in the acceleration of productivity growth in the economy at large.
output, and productivity indexes of the economy. As this theme already has been aired well (in sections 2 and 3
the U s. economy could be said 33 See e g.,, chapters by Helpman and Trajtenberg (1998), Aghion and Howitt (1998),
â€oecomputerization†that had been achieved in the whole economy by the late 1980's was roughly comparable with
Some economists who have voiced skepticism about the ability of computer capital formation to make a substantial contribution to raising output growth in the economy point to the rapid
technological obsolescence in this kind of producer durables equipment, and argue that the consequent high depreciation rate prevents the stock from growing rapidly in relationship to the overall stock of producer capital in the economy.
The latter argument would be relevant were one focussing on the impact on real net output,
surge of readily discernable productivity growth throughout the economy. To say that, however, is not at all the
and transforms the organization of production in many branches of an economy. One cannot simply infer the
economy to enjoy a pervasive quickening in the pace of conventionally measured multifactor productivity improvements, alongside the continuing proliferation of new branches of industry offering novel and
Employment and Growth in the Knowledge-Based Economy OECD Documents. Paris: OECD, 1996 Abramovitz, Moses,
and Roy J. Ruffin, â€oewhat Should Economists Measure? The Implications of Mass Production vs Mass Customization, †Federal reserve bank of Dallas, Working Paper no. 98-03 july 1998
A Profile of the Information Economy,"Special Economic Study: Morgan stanley, New york, September 22, 1987 Roach, Stephen S.,"White Collar Productivity:
Digitized, Have-It-Your-Way Economy, †Fortune, September 1998: pp. 114-21 Sichel, Daniel E.,The Computer Revolution:
Triplett, Jack E.,â€oeeconomic Statistics, the New Economy, and the Productivity Slowdown, †Business Economics
generate by difficulties to identify innovative SMES on Romanian economy) and disproportionally stratified across four size classes (0†9, 10-49,50-249 employees)( official
order to simulate accurately the conditions of Romanian economy 0-9 employees 10-249 employees 50-249 employees over 250 employees
Economy Assessment in Romania, Economia. Seria Management, 2012 5. Clarke, L. Managementul schimbarii: ghid practic privind producerea
social economy is funded, the pros and cons of different forms of funding and how the strategy
transformation (e g. to a low carbon economy or co -production of public services), thinking in terms of scaling a social innovation might be limiting.
social needs, the social economy and its innovative potential, other environments of social innovation relevant actors and networks, technological
Civil society and the social economy as incubators Our hypothesis that civil society provides a
Social innovation and the social economy We propose that there is a strong connection between social economy organizations and social
innovation. Social economy organisations are a major component of the economy and therefore warrant attention.
For instance, the sector generates 7%of the national income in Denmark and employs up to 10%of the total workforce in Germany. 47
In other countries (as is the case in Greece) there is no data to be found on employment in the
social economy. Thus, we are still lacking more comprehensive and comparable data on the sector
Nonetheless, the extent to which social economy organisations are in fact innovators depends on numerous variables, e g. the size of the social
economy and also on the welfare regime. Early evidence suggests that where social services are dominated by state procurement the sector seems
economy organisations and their teams are in close contact with communities where pressing social problems are evident.
in the terminology used by social economy, third sector or civil society organisations which acts as a
between social economy organizations and social innovation is a strong one, (b) there is a significant extent to which social economy
organisations are in fact innovators, and that c) this extent varies depending on numerous variables, such as the size of the social economy
the respective welfare regimes and also the social problem we look at 2. Examine existing methodologies for technological
) and the sharing economy and sharing society. Our research identified three main types of effect
and sharing economy cases where much of the rest of the value chain is implemented using traditional
economy or to the co-production of public services thinking in terms of scaling a social innovation might be limiting.
social innovation, social needs, the social economy and its innovative potential, other environments of social innovation, relevant actors and networks
Civil society and the social economy as incubators Our hypothesis that civil society provides a
particular, the connection between social economy organizations and social innovation requires more data for sound analyses.
social economy organizations are in fact innovators e g. the state of the social economy (size, age
heterogeneity, etc. the respective welfare regime effects of different entrepreneurial cultures as push-factors for social innovation.
Economy, TRANSIT working paper, TRANSIT: EU SSH. 2013.3.2-1 Grant agreement no: 613169. Available at:
social economies in Europe-a first step towards an understanding of social innovation. A deliverable of the project:
vital for both developed and developing economies. Since innovativeness is among the most important means through which such
This is an even more important issue for developing economies, where SMES are faced often with inadequate infrastructure.
Since there is a lack of studies on SME innovation in developing economies, often policy in such countries is based on
In this paper, we explore factors that drive innovation activities in SMES in a small emerging transition economy (Croatia), and
compare it with ï ndings from developed economies. In addition to factors used in most previous studies,
important in developed economies are important in developing economies as well. In addition to that, market scope was discovered to be
another region and another economy. For example Kaufmann and Todtling (2002) in their investigation of SMES in Upper Austria show that support measures that
from developed economies. As noted in Hadjimanolis 1999) ††The study of innovation, including the obstacles to
generalized to developing economies. For example, in the context of technology management, Cetindamar et al 2009) show the importance of questioning the appropri
developed economies. So an important issue for policy makers would be to ï nd out to
economy. In investigating these factors, we build upon the existing ï eld of research about innovation determinants
in developing economies which need to improve in order to compete and survive. As Hadjimanolis (1999) points out
as this is an important issue for a small economy. Since innovating with incremental innovations is different than
matter for an economy; a number of studies were conducted recently with the goal to discover which factors
we also expect to ï nd that for a transition economy the proportion of highly qualiï ed employees in SMES has
Croatian economy), where process innovation is of relatively low novelty. Being of low novelty, it does not
However, as few studies in developing economies were performed on this topic, it is known not to which
of SMES in developed economies are also conï rmed to be important in this study, such as having external links
developed economies about the positive impact that proportion of highly educated staff has on product
Unlikely developed economies (Keizer et al. 2002), we found that innovation subsides are linked not to innova
very important for a small open developing economy like Croatia, because it suggests that by encouraging
which corresponds to ï ndings from developed economies Hadjimanolis, 1999; Bertlett and Bukvicë, 2006. This
recognized as a problem in developed economies. Interest -ingly, we ï nd that ï rms that report facing obstacles are not
another developing economy All in all, our ï ndings show that there may be many similarities between developed and developing economies
In other words, if Croatian case is indicative of other developing countries, ï ndings from developed economies may travel across geographic and economic boundaries
better than could be expected. However, there may be some particularities that policy makers in developing countries should address.
economies) should be encouraging SMES to become exporters. First step would be to determine what possible obstacles to exporting there are and then
Market orientation in the transition economies of Central Europe: test of the Narver and Slater market orientation scales
The antecedents of SME innovativeness in an emerging transition economy Introduction Theoretical background and literature review
economists like Joseph A. Schumpeter (1883-1950) and Karl Marx (1818-1883. Countries like India, South africa,
the economy of scale. Also operational costs can be reduced as a flat network has fewer integrated components,
at a business or organisational level, the knowledge sector of modern economies is increasingly focussed on value networks rather than on value chains.
multidisciplinary team, composed of engineers, economists and social scientists would allow for suggesting candidate techniques and incorporating useful insights
types, which economists identify as a â€oetragedy of the commonsâ€. Similar contention tussles can take place for other cloud resources as well, such as processing and stor
Due to economies of scale the thin-client paradigm, where most applications run on a remote server,
economy through white papers, workshops, FIA sessions, and research consultancy In this paper SESERV proposes a methodology for identifying
an economy of scale and have shown already their commercial value fostered by key players in the ï eld.
-thermore, the Internet underpins the whole global economy. The diversity and sheer number of applications and business models supported by the Internet have also
element of our economy, FI will play an even more vital role in every conceivable business process.
for the Future of the Internet Economy. OECD, Paris, France (2008 11. Chochliouros, I. P.,Spiliopoulou, A s.:
The global economy can be characterised under three main sectors. The primary sec -tor involves transforming natural resources into primary products
Internet which can support the service economy. Two overarching requirements influ -ence the scope and technical solutions created under the Internet of Services umbrella
-oriented economy would require that IT-based services can be traded flexibly as economic good, i e. under well defined and dependable conditions and with
economy has highlighted key challenges and opportunities in IT-supported service provisioning. With more companies incorporating cloud based IT services as part of
For a vivid IT service economy, better tools are necessary to support end-to-end SLA management for the complete service lifecy
sectors of the economy including the service sectors, and in social networks. Research on the Future Internet therefore includes the development, piloting and validation of
Enabling the low carbon economy in the information age. Report on behalf of the Global esustainability Initiative, Gesi (2008
meet the challenges of cities within a global knowledge economy 7. However, the more recent interest in smart cities can be attributed to the strong concern for sustain
skills to promote the knowledge economy. Active labour market policy is a top prior -ity to sustain employment,
sustain the innovation economy and wealth of cities, maintain employment and fight against poverty through em
potential smart city applications in the fields of innovation economy, infrastructure and utilities, and governance
standards through the innovation economy, smart cities must instrument new ways to enhance local innovation ecosystems and the knowledge economy overall
3 Future Internet Experimentation and Living Labs Interfaces In exploring the role of Future Internet experimentation facilities in benefiting urban
economy forward in the coming years. However, most of the current city and urban developments are based on vertical ICT solutions leading to an unsus
of †smartness†were identified (economy, people, governance, mobility, environment and living As the upsurge of information and communication technologies (ICT) has become
the nervous system of all modern economies, making cities smarter is usually achieved through the use of ICT intensive solutions.
-able economy Once major challenges of unified urban-scale ICT platforms are identified, it is clear
Activity consumption is a significant component of the U s. economy, with approximately $25. 1 billion spent on video games, consoles,
knowledge economy, innovation and creativity become a decisive factor in the economic activity because knowledge tends to be developed in the
the economy. The purpose of this study is to explore the implications positive and negative, of the changed economic environment in Romania
as in all transition economy play an important role in the economic growth development and are
economies everywhere are given special attention. Hence the concern for their delineation as appropriate, with the intention to create conditions for broader and more
and rise or fall of SMES in the economy of any country is their contribution to creating new value,
and vital part of the modern economy. The second argument is more qualitative: in spite of the heterogeneity of the SME sector, they differ
All countries statistics result that SMES dominate in economy representing over 99%of the total of companies,
In a Romanian economy located yet in a consolidation process and of getting stronger of SMES sector, environment factors (generally
the innovation in a transition economy, as Romanian is? What are the factors that influence in the low level of innovation of Romanian SMES
reasons of the emergence of companies in specialized exchange economy and where are directed the resources to the price mechanism
that constitute the core of the economy do not innovate. Most SME innovations are marginal improvements of already existing products, and
environment and the general development of the economy. Long term economic difficulties are focused attention on the importance of
stimulation of knowledge-based economy and only a few companies proved able to compete through innovation.
proportion technical innovations that are economy applicable. Many work places will come by innovation, and new discoveries will give birth
capital to help boost the sector's role the Romanian economy This innovation process is based on defining groups of
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