This work focuses on researching and establishing the importance
of human capital and innovation as determinants of competitive
advantages in international trade in the context of rapidly
evolving technological advancement, globalization, and economic
integration.The processes that accompany the shift from industrial
economics to a knowledge-based economy are currently the object of
interest of both scientists, politicians, investors and
entrepreneurs. In many countries, the traditional sources of
socioeconomic development, such as low labor costs, availability of
inexpensive raw materials, and favorable geographic location are
waning. These economies are searching for new sources of
competitive advantage that will allow for maintaining growth, among
other things by boosting participation in international trade.
The book explores non-traditional drivers of competitiveness in
both theory and practice.First, chapters 1 through 4 present
theoretical and methodological aspects of the relationships among
international trade, human capital and innovation. Here the authors
address the controversy associated with the concept of
competitiveness itself and its measurement, while paying special
attention to the political development of comparative advantages
related to international trade. The second part of the monograph,
chapters 5 through 8, is of empirical nature. This section contains
case studies of selected countries that represent models of various
national innovation systems.Finally, the theoretical and practical
aspects are integrated, allowing policymakers and financial and
business leaders to consider how their decisions can influence
their countries competitive positions through their investments in
innovation and human capital."
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