Innovations And Regional Development

Innovations and regional development.

In this project, we analyzed innovation and regional development. We wanted to show that both of these factors have a strong relationship between each other and are highly dependent on each other. As we mentioned before, the level of innovativeness of the country, can show how developed the country is. The level of development can also show the level of innovativeness of the country. However, sometimes there are some exceptions and sometimes both of these factors can not show the real situation. Most innovative countries usually have a strong educational system, stable and supportive government, is very manufactured country, highly supports and invests into research and development. We also showed some examples of how countries can become more innovative, or how a country can become less innovative. We also introduced the countries that are the most innovative and the least innovative. Explanations of what is innovational and regional development were also made with empirical evidence.

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