Innowacyjne państwo w społecznej gospodarce rynkowej

Abstract

INNOVATIVE STATE IN THE SOCIAL MARKET ECONOMY

In the present article the thesis has been proved that the dynamics of breakthrough innovation is being determined by the state’s activity in financing R&D. The state must support financially the innovation process when the markets are incomplete or when the high-risk capital does not work. The innovation policy of the state should serve to realize the concept of sustainable development and fostering cooperation between participants in the innovation process.