Book review “Innovation Culture in Crony Capitalism: Does Hofstede’s Model Matter?”

Abstract

Optimal innovation culture enables a strong entrepreneurial economy with a high innovative potential and improved competitiveness on international markets. What is it that determines innovation culture? It is almost impossible to give an unambiguous answer because there are many factors that influence its development. However, without these factors, the conditions necessary for creating a culture that fosters innovation and enables technological progress would not be optimal and could hamper economic development.