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SOCIO-ECONOMICS OF RADICAL INNOVATION: CASE STUDY OF AUSTRALIA

Date added: 2013-04-01
Type: Article
Languages: English, Polish

Author / authors

Maksymilian Kochański

Maksymilian Kochański

Economics, Technology

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Abstract

This article presents an example of radical social innovation. It concentrates at changes that Australia has undergone during the past forty years. They have annihilated the main pillars of the ‘Australian settlement’, which happened to be beneficial for the country. The article is an attempt to present main benefits and the whole process of changes that drove to final implementation of the social and economical innovation.

Keywords / Tags

Key words: radical innovation, industry protection, wage arbitration, state paternalism, imperial benevolence, innovation