Innovation and challenge of adopted rules
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| Title | Innovation and challenge of adopted rules |
| Authors | |
| Abstract | Study on the progress of global economy shows that rapid evolutions have been happened trough the recent decades and all those changes have been driven mainly by the emerge and spread of new and advanced technologies in the process of production. It is clear that the global business has been intended to adopt with those products equipped with advanced technologies and also because of the considerable added value presented by such products so suitable marginal profit can be provided. Indeed, those states that more appropriately would be able to apply approach of manufacturing the products and services accompanied with advanced technologies, absolutely will experience massive growth trough all parts of their economy. Moreover, a severe attention to the principal of innovation would decrease economic costs and that would effectively leads to the economic development. Therefore, it can be maintained that significantly the most economical factor for the growth in the developed countries has been the approach to a severely development in application of innovative elements within the states productive procedures. So, it necessitates taking especial attention to the innovation aiming to increase ability of competition, creation of new procedures in production, invention of the modern methods for applying factors of production, decrease in the current technological gap, and eventually up-gradation in level of productivity within whole factors of production. |
| Publisher | World Science Publisher |
| Date | 2012-01-31 |
| Source | 2167-6429 |
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