Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Economic Growth and Development

Chapter 14
Innovation, Strategy, and Transformation Frameworks for the Modern Enterprise
Economic growth and development are both important for the sustainability of a country's national economy. Economic growth means an increase in real national income/national output. Economic development means an improvement in the quality of life and living standards.
Published in Chapter:
Innovation and ICT: Key Factors of Successful Business
Ivana S. Domazet (Institute of Economic Sciences, Belgrade, Serbia), Darko Marjanović (Institute of Economic Sciences, Belgrade, Serbia), Deniz Ahmetagić (Faculty of Economics in Subotica, Serbia), and Jadranka Stantić (Albert Engelman Consulting, Serbia)
Copyright: © 2023 |Pages: 19
DOI: 10.4018/979-8-3693-0458-7.ch014
Abstract
The research carried out in the chapter aims to analyze the importance of innovation and ICT as key factors of successful business, that is, to what extent innovation and ICT influence the competitiveness and development of the digital economy in Serbia compared to other countries of the Western Balkans. The research covered the period from 2020 to 2022, while the methodological concept is based on descriptive analysis of secondary data from the World Economic Forum. The results obtained through the research explicitly show that the countries of the Western Balkans do not invest enough funds in the ICT sector, which has a negative impact on their further development and growth of macro-competitiveness. Compared to other countries of the Western Balkans, Serbia is progressing significantly faster in the field of digital transformation. Despite this, it still lags behind the EU countries when it comes to the adoption of ICT, infrastructure, and innovation systems.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR