The big question for Europe’s economic development is to minimize or even eliminate the distance that separates it from the digital and technological level at which the USA and China are located. It is characteristic that in most technological conferences around the world, it is heard that “in a world that innovates, Europe legislates”. And …
Tag: economic growth
The Opportunity for Change for Businesses After the Covid-19 Era
After the Covid-19 era, opportunities arise for both governments and businesses. More specifically, governments and businesses, respectively, operated in isolation, before the onset of the pandemic, resulting in unsustainable economies and societies dependent on state support. Governments can now create stronger, more resilient, and more just societies. On the other hand, companies can advance this …
Innovation as a Leader in Economic Development and What Is Needed to be Successful
Innovation is commonly defined as the “carrying out of new combinations” that include “the introduction of new goods, … new methods of production, … the opening of new markets, … the conquest of new sources of supply … and the carrying out of a new organization of any industry”. (Wikipedia). So, when innovative ideas are …
Factoring and Economic Growth
Factoring is a financial tool used by companies primarily to improve their liquidity, as it provides direct financing based on the volume of sales made by a business. Factoring is a relatively low-risk form of financing for both banks and businesses providing these services. In the UK factoring has another name i.e. receivable finance, invoice …