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Innovative Entrepreneurship Policy- the European Union Case

Rodica Crudu and Augustin Ignatov

from Academy of Economic Studies of Moldova, Centre for Studies in European Integration

Abstract: One of the reasons the western civilisation came to dominate the world was the scientific revolution. It assured the western nations with advanced technologies which stood at the base of conquering the globe. Western Europe was the pioneer in terms of innovation and has hold total domination over this area, alongside with the USA, until the last quarter of the 20th century when Japan, then South Korea and China extended their economic power. Nowadays, the wars and territorial conquests have been replaced by economic and political rivalry. Europe united under the European Union to face the growing economic and technological pressure as to register widerrange competitive boost. Presently, the European Union is paying much attention towards its innovation and entrepreneurial policies in order to create favourable conditions to technological progress and economic development, at the same time keeping the environmental standards high. Thus, the current paper is intended to examine the most relevant innovative entrepreneurship policies promoted by the EU in order to assess their functionality and resistance against growing globalisation. Also, the research plans to assess the effects of innovative entrepreneurship over industrial development, social welfare and regional prosperity.

Keywords: entrepreneurship; innovation; cutting-edge economic development; geriatric economics; social welfare; European integration; sectorial development (search for similar items in EconPapers)
Date: 2017
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