Quotation Schuh, Arnold. 2021. Market-creating innovations and skilled people. 12. Grow East Congress, Vienna, 26.11.21


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Abstract

The presentation explains why a transformation from the currently dominant low-cost to an innovation-driven economic model is necessary in CEE. As a role model, Estonia is cited, which has the highest density of startups in the world, with one startup per 1,069 inhabitants, and has so far been the birthplace of seven Unicorns, including Skype, Bolt and Wise. The video games industry in Poland, with 64 listed companies and a production volume of €1 billion, also points to the potential for innovation in specific ecosystems. However, the lack of workforce in general and digital skills in particular limits growth potential. What is needed is a stronger orientation and commitment to the dual transformation towards a digital and sustainable economic model. This offers the prospect of jobs and value creation in new sectors of the economy. But it also requires greater flexibility in education and training in order to be able to meet the labor market demands of the knowledge-economy in terms of quality and quantity.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Unpublished lecture
Language English
Title Market-creating innovations and skilled people
Event 12. Grow East Congress
Location Vienna
Event country Austria
Date Nov. 26, 2021
URL https://www.wu.ac.at/emcee/veranstaltungen-networking/grow-east-congress-series/grow-east-congress-2021

Associations

People
Schuh, Arnold (Details)
Organization
Competence Center for Emerging Markets and CEE WE (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5307 Business and management economics (Details)
5320 Marketing (Details)
5333 Business management (Details)
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