SUSTAINABLE INNOVATION - NEW ECONOMIC CONCEPT REQUIRED BY SUSTAINABLE DEVELOPMENT

• Main Authors: VIOREL CORNESCU, CECILIA-ROXANA ADAM
• Format: Article
• Language: English
• Published: Nicolae Titulescu University Publishing House 2013-05-01
• Series: Challenges of the Knowledge Society
• Subjects: Sustainable innovation; development; sustainability; innovation process; innovative products
• Online Access: http://cks.univnt.ro/uploads/cks_2013_articles/index.php?dir=2_Economic_Sciences%2F&download=cks_2013_economy_art_002.pdf

Following the concept of sustainable development and standard economics, we find innovation presented as one of the most important factors of world economic growth. Although most authors focus their research on sustainable development, this paper will instead focus on sustainable innovation. The paper converges on studying innovation from the perspective of sustainable development and sustains several theoretical results in order to show the importance of adopting innovation process which respects sustainable goals. The paper it is also focused on analyzing the importance of creating sustainable innovative products or services within the constraints of economic, environment and social issues. The paper concludes by enhancing the understanding of the sustainable innovation power in economic environment development, correlated with social and natural environment.