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Politico-Economic Theories

C/OM/368. An examination of the socialist innovation system

WORDS:
4650
DATE:
2011
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49.99 GBP

This paper examines the socialist innovation system, and begins by providing definitions. The paper discusses the linear vs. interactive innovation models, measuring innovation, and the environment for innovation. This is then followed by an examination of the socialist innovation system, and provides information on the socialist vs, capitalist system and the closed vs. open economy system. Formal and informal networks are examined, and the paper outlines the weaknesses of the socialist innovation system. The challenges in the transition to market economies are assessed and the paper concludes by summarizing all of the points made.

 

KEYWORDS: Socialist innovation system, linear innovation models, interactive innovation models, innovation, socialist system, capitalist system, closed economy system, open economy system, formal system, informal system, market economies,

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