A Socio-Economic Perspective on EU Integration
Science, Innovation, Technology and Entrepreneurship series
Edited by Elias G. Carayannis and George M. Korres
Chapter 6: Innovation diplomacy as driver of democracy, innovation and development: the case of Greece
Chapter 1 touched briefly on innovation diplomacy as a means of bridging distance and other divides. It can unleash and help ‘realize the creative potential and aspirations of people around the world so that markets will serve society . . . to the fullest possible extent’ (Carayannis et al., 2011). We now build on that background to examine the current situation of and prospects for Greece. In general, entrepreneurship and innovation are human endeavors and socio-economic phenomena that are intrinsic to human nature as well as constituting both social and political engines of positive change and growth provided they are balanced and guided by effective and transparent regulatory and incentive systems in place. Current local (Greek), regional (European) and global economic and financial conditions and trends make the need to trigger, catalyze and accelerate high-quantity and -quality entrepreneurial initiatives that are based on high-quality and -quantity innovations (low-tech, medium-tech and high-tech) even more clear and urgent as this is one of the major ways and means to target and achieve real, sustainable and eventually accelerating GNP growth. Such growth is much more likely to come from new and qualitative different and superior initiatives (from ‘sunrise’ industries) rather than restructuring existing (and perhaps ‘sunset’) industries.
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