Abstract
Research background: Globalization and the associated growing global competition provide incentives for the adoption of new technologies and innovations. In general, innovations could be considered as a dominant driver of the economic growth. However, current environmental challenges and sustainable development support the diffusion of eco-innovations to foster green growth. In terms of its global position, a country is often compared to its neighbouring countries, which are often the most important trading partners in the international market. Purpose of the article: This paper is focused on the evaluation of eco-innovation performance of the V4 countries with emphasis on the Slovak Republic. Methods: The article applies selected indicators of the Global Innovation Index to provide insightful data on countries' eco-innovation performance from the different V4 countries by applying the correlation analysis. Findings & Value added: The results compare the state of selected indicators of innovation within the V4 countries and describe the current position of the Slovak Republic. The results demonstrate the relative strengths within all selected countries in the sub-pillar Ecological Sustainability and significant eco-innovation potential.
Highlights
The globalisation inherently is as old as human society
Many authors focused on interconnection between globalisation, innovations and sustainable development. (Wield, 2013; Golembiewski et al, 2015; Socaciu, 2014; Loucanova et al, 2021; Olsiakova et al, 2015; Gygli et al, 2019) Technological innovations have improved awareness focused on globality, and have created much of the necessities that have accelerated its development
The value of the innovation index of three of the Visegrad Group countries was below the EU average 46.93 points (The Global Economy, 2021)
Summary
The globalisation inherently is as old as human society. Many authors focused on interconnection between globalisation, innovations and sustainable development. (Wield, 2013; Golembiewski et al, 2015; Socaciu, 2014; Loucanova et al, 2021; Olsiakova et al, 2015; Gygli et al, 2019) Technological innovations have improved awareness focused on globality, and have created much of the necessities that have accelerated its development. Many authors focused on interconnection between globalisation, innovations and sustainable development. (Wield, 2013; Golembiewski et al, 2015; Socaciu, 2014; Loucanova et al, 2021; Olsiakova et al, 2015; Gygli et al, 2019) Technological innovations have improved awareness focused on globality, and have created much of the necessities that have accelerated its development. An explanation of globalisation that considers only technological determinism and rationalism has become redundant (Ukpere, 2010). These authors have analysed different key drivers of globalisation. They deal with that the ‘Supreme Mandate’ as the most critical factor of globalisation. The realisation of global innovations cannot be achieved through national policies alone, international policies are needed
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