Resilience, Crisis and Innovation Dynamics
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Resilience, Crisis and Innovation Dynamics

Edited by Tüzin Baycan and Hugo Pinto

Resilience has emerged as a recurrent notion to explain how territorial socio-economic systems adapt successfully (or not) to negative events. In this book, the authors use resilience as a bridging notion to connect different types of theoretical and empirical approaches to help understand the impacts of economic turbulence at the system and actor levels. The book provides a unique overview of the financial crisis and the important dimension of innovation dynamics for regional resilience. It also offers an engaging debate as to how regional resilience can be improved and explores the social aspects of vulnerability, resilience and innovation.
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Chapter 5: Innovation support, resilience and regional development in Slovakia

Valeria Szitasiova, Miroslav Sipikal and Monika Siserova

Abstract

Regional prosperity depends on several factors while resilience appears as one of the most important determinants in recent decades. It is thus an ability to adapt to the threats and challenges that economic development brings. Such a threat was also the crisis manifested in the last years of the last decade. An extensive amount of analyses deals with the ability of regions to respond to these changes or to adapt to new trends. A significant part of the current literature addresses the role of innovation, which is seen as a key factor of economic development starting with Schumpeter’s theory to the current role of Smart Specialization. The present chapter deals with resilience in the context of innovation activity in regions of the Slovak Republic. As innovations in Slovakia are by a critical mass supported from the resources of the European Union, this work analyses the innovation support in terms of resilience on coming trends of economic development.

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