Economic Democracy as a Driver of Innovation

Abstract

In the article at hand it is assumed that the creation of innovation does not merely represent a technical problem but a complex socio-political matter which is linked organically to the modalities of decision making, investment, capital mobility and education. The author particularly highlights the growing importance of the labor force in the innovation process and discusses specific organization-related, education- relevant and political aspects which are to be considered in maintaining and promoting innovative behavior under the current conditions. Particular regard is given in this context to the implicit knowledge of the employees contrasted with the theoretical knowledge of external experts that only in combination enable a successful innovation process.