1st Edition

Innovation in Capitalist Economies Crises, Challenges and Opportunities

Edited By Faruk Ülgen, Lyubov Klapkiv Copyright 2025
228 Pages 19 B/W Illustrations
by Routledge

228 Pages 19 B/W Illustrations
by Routledge

228 Pages 19 B/W Illustrations
by Routledge

Innovation is critical to increasing global prosperity and also essential to surviving and overcoming the ongoing challenges of pandemics, wars, climate change, and systemic financial turmoil. At the same time, major corporations seek to transform new knowledge and scientific progress into profitable innovations and to increase their influence over society. But if, as these firms claim, this... Read more

Introduction. What is innovation in economics in the 21st century?

Lyubov Klapkiv, Faruk Ülgen

PART I. TECHNOLOGICAL, ORGANIZATIONAL, AND FINANCIAL DETERMINANTS OF INNOVATIONS

1. Creative destruction: The driver for innovation, financing, and the business cycle

Alicia Girón and Luis Daniel Beltrán

2. The strengths of worker cooperatives in innovation processes: A way to find the "truth" of the firm

Hervé Charmettant

3. Promoting SME innovation in the Western Balkans

Massimo Cingolani

4. Exploring firm environmental development through creative communities: Capabilities-based theoretical issues and empirical case study in water sector

Virgile Chassagnon and Naciba Haned Chassagnon

5. Mechanisms of implementation of innovation in modern business management: Selected issues

Marek Dziura, Andrzej Jaki, and Tomasz Rojek

PART II. INNOVATIONS AND MODERN FINANCE: CURRENT ISSUES

6. Green bonds as a driver towards a climate-neutral economy in Europe

Volodymyr Svirskyi

7. Managing war-related risks in international trade: Innovative insurance products

Lyubov Klapkiv and Faruk Ülgen

8. Technological innovation as a basis for a paradigm shift in insurance: The search for new sharing economy effects

Marietta Janowicz-Lomott and Krzysztof Łyskawa

9. FinTech market development trends during the COVID-19 pandemic

Svitlana Volosovych and Antonina Sholoiko

10. Monetary finance as an innovative way to fund public investment: An appraisal

Alain Laurent

11. Innovative insurance market’s products for a sustainable economy: The example of waste management in the European Union

Aleksandra Hęćka-Sadowska

Index

Biography

Faruk Ülgen is a Professor of Economics, Head of International Relations and Bachelor Distance Learning Programs within the Department of Economics at the Université Grenoble Alpes, France. He also serves as Codirector of the Center of Research in Economics of Grenoble (CREG). His current research focuses on the evolution of financial markets and innovations and the evolution of financial regulation and supervision from an institutionalist-evolutionary perspective, drawing on collective action and the economics of the commons.

Lyubov Klapkiv, PhD, is Assistant Professor at the University Maria Curie-Skłodowska in Lublin (Institute of Economics and Finance) and Visiting Professor at the University Grenoble Alpes (2022-2024). She received her PhD degree in Finance from the Kyiv National University of Trade and Economics, Ukraine. She is a graduate of the Line Kirkland Scholarship program 2015/2016. Her main research fields include the economics of insurance, sustainable finance, and financial innovations.