Innovation Strategies in European Developing Countries

Abstract

The main aim of this study was to determinate key factors of innovation strategies choice for global competitiveness. The starting hypothesis was that innovation performance correlating with national competitiveness of European developing countries. Meta data from European Innovation Scoreboard in period 2011–2016 and Global Competitiveness Report have been used in this study. Research methodology consisted of comparative method and relevant statistical methods. The findings revealed the main factors of better innovation performances that caused higher ranking according to Global Competitiveness Index. The limitations and future research avenues are presented too.