WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 11, 2014
The Potential of Transitive Economies’ Growth Based on Innovative Strategy
Author(s): Olga Korableva, Victoria Litun
Abstract: Estimating the potential of transitive economies it is essential to understand not only what the perspectives are but as well which strategy to follow to get the most considerable results. This paper proposes a strategy which can help countries like China, Russia etc. The purpose of this article is to present the way for further development that is based on the powerful tool for growth and sustainability – innovations. The aim is achieved through comprehensive analysis of the current state, strength and weaknesses of transitive economies. The work must be attributed equally to the two authors.