Since its inception, the European Union, as one of the most comprehensive and elaborate models of regional economic integration, has been striving to achieve a high degree of internal cohesion and natural convergence in the level of performance of individual national economies in its Member States as well as to maintain and improve its position as a major player the complex geoeconomics space of a globalized world economy. In order to achieve these key objectives, the European Union has been working since 2000 to implement large EU-wide strategies, one of which is the Europe 2020 strategy currently in place. The present article concentrates on the evaluation of the level of implementation of the Europe 2020 strategy in the conditions of the Slovak Republic in the context of analysis and evaluation of the level of fulfilment of individual objectives in the monitored time series.
Renewable energy is not only cost effective but also plays vital role in decreasing the pollution. Most of the developing countries struggle with the energy supply for the cities. The introduction of renewable energy resources will not only meet the increased city demand of energy but also helps in making the smart city. Information and communication technologies help in efficient communication and work using different soft wares. The better the Information and communication technologies services in the country the better will be the chance of generating the smart cities in Asia. Emission of CO2 contributes to the pollution and thus, the global warming. If the government, make better policies and communicate it with e-governance with the people of the country then there will be the chances of making the smart cities in the Asia. The aim of this study was to assess the impact of three dependent variables including state legitimacy, democracy and public services on the independent variables on the quality of the education. The data was collected from ten different Asian countries including are incudes Pakistan, India, China, Bangladesh, Nepal, Afghanistan, Iran, Turkey, Maldives, Indonesia, Saudi Arab, Kazakhstan, Syria, Qatar and Iraq. The timeline of the study is 26 years from 2019 and the data was collected from The Economic Form, The World Bank reports as well as the Transparency International. The analysis was performed by using IBM-SPSS and various statistical tests were applied including LLC, cointegration test diagnostic checks, correlation matrix and PCSE estimation test and sys-GMM. The results of our study showed positive association of dependent variables on the formation of smart cities in Asia. The results of our study have social, political and economic implications.
The development of human resources is an important condition for ensuring the sustainability of the society and the development of the national economy. Knowledge is becoming more and more one of the basic factors for society sustainability and development. In the 21st century economy, which is based on knowledge, the innovation becomes one of the major factors to increase the competitiveness. It is confirmed by the experience of leading economic systems when investing considerable resources in the society educating. It is especially important for the Baltic States in the context of the creation of the knowledge based society declared in the EU space. Thus one of the basic aims of the Latvian economy policy is to create efficient, competitive and sustainable economy. One of the basic priorities of an up-to-date state development strategy is a modern education and science system as the education level and the development of human capital are the most important indicators that are creating the competitiveness and sustainability of the country. In the article there are considered the global tendencies of the higher education; also the connection of education with innovation and sustainability are analysed. The aim of this study is to focus on sustainable competitiveness concept and provide in-depth understanding of higher education impact on ensuring sustainable competitiveness on national level. In the research there are used primarily quantitative comparative research methods. Quantitative indicators are used to characterize specific features of the higher education impact on economics in the Baltics and Nordics. For the calculations, methodology and definitions the OECD methodology and World Economic Forum, global competitiveness concept is used.
EU industry accounts for 15% of European value added and the industrial sector plays the role of a key driver for research, innovation, productivity, job creation and exports. One important measure in order to stop the decline of Europe’s global industrial position is represented by Industry 4.0 aiming for the implementation of smart production and logistics. Industry 4.0 touches the entire supply chain comprising product design and development, operations management and logistics and by doing so new business models and structures are required.
Currently, companies start to practice first steps in 3D printing, production in networks and smart logistics and begin to develop new organisational structures and business models to benefit more from the opportunities that the new technology offers. Empirical evidences of successful companies reveals that the new business models are oriented rather on service design, open innovation and network approaches than on the traditional concepts of industrial enterprises. Consequently, traditional industrial companies have to rethink and to renew their business structures and models in parallel with the ongoing implementation of Industry 4.0 to use the new opportunities.
The main focus of Industry 4.0 is laid on the fusion of the virtual and the physical world so that also new concepts are required for managing information and business administration tasks in the context of Industry 4.0. One big step towards the implementation of such a concept is embodied by the Estonian concept of “e-Residency”, which might be an appropriate e-business approach especially when taking into account the needs of internationally operating entrepreneurs and SME’s.
The paper addresses the research question of how new and sustainable business models and structures for Industry 4.0 might look like and in which direction existing traditional business concepts have to be developed to deploy a strong business impact of Industry 4.0. By focussing on the needs of entrepreneurs and SME sector the paper also discusses why e-residency might be the appropriate concept in the context of Industry 4.0.
The aim of the presented paper is to examine how technology transfer is being approached in the latest scientific literature, and whether interrelations of technology transfer and sustainable development are being elaborated. Clusters in this context are perceived as networks (not necessarily proximate in geographic terms), which serve as technology transmittors. Efficiency of clusters is being addressed. The ultimate aim of the research is to develop framework, which would allow proceeding analysis of links between technology transfer phenomenon and sustainable development process.
Global economic development and continuous growth of the world population are the major factors which cause growth of energy consumption and increasing volumes of greenhouse gas emissions. Attempts to achieve sustainable energy development are still not enough successful. Scientific community and international organizations are concerned with consequences of global warming: increasing temperature in various regions of the planet, significant and harmful effects on health and environment, growing number of extreme storm events and large wildfires, rising sea levels, changes in landscapes. Increasing efforts of governments and politicians should be directed to reduction of greenhouse gas emissions from fossil fuels combustion by increasing energy efficiency and by deployment of renewable energy sources. The paper focuses on efforts of world community directed to sustainable global energy development, implementation of new energy policies and provides an overview of energy consumption trends in the world by 2035.
Agricultural extension services being provided predominantly by public agencies in the developing world have contributed to quantum jumps in food production in countries like India. However, these services have failed to eliminate persistent structural poverty among a significant proportion of the farmer households. Part I of the paper summarizes generic problems that have so far persisted in the provision of agricultural extension services in various developing countries (including India) as given in the published literature. It then brings out various elements of the reform processes that are being recommended and implemented in developing country programmes by various donor agencies, like the World bank, FAO, GTZ, etc.
Part II of the paper carries out in brief SWOT analyses of the Indian silk industry. It also highlights the organization and functions of the various infrastructure of the central and state government agencies providing extension services for the sericulture industry. It then critically examines as to how this infrastructure and services are geared to mitigate the weaknesses and threats and exploit the strengths and the opportunities of the sector. Based on this the framework of extension services reforms outlined in Part I of the paper is applied to formulate recommendations on the reorganization of this infrastructure for its better cost-efficiency and effectiveness.
The global economy is facing a complex and outstanding challenge: the economic and financial crisis. The digital revolution represents the pillar for a competitive and sustainable global economy and Information and Communication Technologies can become a crucial factor for the economic recovery. The paper aims to highlight the significant contribution of Information and Communication Technologies to the development of sustainable knowledge economy. The paper achieves an analysis of ICT sector in the EU Member States. The comparative study is analyzing the correlation between the networked readiness, global competitiveness and ICT sector share in national economies in the EU27. The current paper also addresses main issues regarding digital marketing.
The aim of the present article is to investigate the role of sustainable innovation strategies on competitive advantages of Lithuanian biotechnology companies. The entire Lithuanian biotechnology market is targeted via the conduction of semi-structured qualitative interviews, consecutively carried out in 2011 and 2012. The methodological solution to introduce the time perspective in the research elucidates the importance of the sustainability in innovation processes as there could be the progress and the continuity in the implementation of innovation strategies observed among sample companies. There is the increasing number of discussions about innovations and the performance of organizations. The success of an innovative activity depends on the complex of human and financial resources, organizational, managerial, technical and other factors. Though competitive advantages cover a vast spectrum of aspects, they all are inter-related and dependent on a great number of factors and measures. The innovation strategy could help to reach target results and to provide a synergy effect. Main reasons for the creation and deployment of innovations should also be the increasing competition, rapidly evolving technology and changing consumers’ expectations. Such factors as the human capital emerges as the key driver of high-tech industries because people involved in innovative activities are characterized by their competencies, motivation and willingness to act in different circumstances. It should not be forgotten the importance of the continuity of innovation processes and long-term strategic directions. The research question: are sustainable innovation strategies necessary for competitive advantages of Lithuanian biotechnology companies? Firstly, there is the concept and classification of innovations presented; it is continued by the revelation of main features of innovation management and success factors of the commercialization of innovations. These chapters are followed by the identification of companies’ competitive advantages and the analysis of sustainable strategic human resource management. Finally, there are main characteristics of the biotechnology sector underlined and the research (2011 and 2012) results on a sustainable development of competitive advantages via the innovation strategy presented.
The aim of the present article is to examine parameters of product innovations that could lead to a successful expansion of international companies to the innovation-driven market. The case of the European mobile technology company in the Korean market is analyzed by introducing a market research method and demonstrating what sort of mobile phone could be designed for the South Korean youth. Companies often declare focusing on stronger marketing and sales efforts in one particular business area or geographical region via creating, testing and introducing a new product. The reasons for failures in foreign markets in many cases are related to the lack of knowledge of this region, wrong choice of the product as well as the incapability to choose a right innovation and expansion strategy. It should not be forgotten that a technological product innovation is more readily adopted by the firms that have a market penetration strategy and hope to gain a direct advantage over the competition. The level of technological intensity, user-friendliness, style, cultural aspects, loyalty to native products as well as the level of integration of customers and clients in innovation or marketing processes are important factors while expanding to foreign markets.
The research question: are product innovations necessary for international companies in expansion to innovation-driven markets? Firstly, there is the country profile presented in the context of transformation to the knowledge-based economy; it is continued by classifications of innovations and product design. These chapters are followed by the presentation of the European mobile company ‘X’, which is a good sample of companies that could find results of the present market research of significant interest. Finally, there are main preferences regarding mobile phones, collected by the online survey, where Korean citizens from 15 to 40 years old were interrogated, revealed; the answer to the research question is provided and a new product for the European mobile technology companies designed.