Significance of Innovations in the Time of Crisis – The Impact of COVID-19 Pandemic on Innovation Activities

Ivana Janjić – Innovation center, University of Niš; Serbia
Milica Đokić – Innovation center, University of Niš; Serbia

7th International Scientific-Business Conference – LIMEN 2021 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – SELECTED PAPERS, Online/virtual, December 16, 2021, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-53-0, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.S.P.2021

Abstract

The outbreak of the coronavirus pandemic in 2020 is unquestion­ably one of the greatest challenges the world has ever faced. Aside from the terrible repercussions for human health, the current situation with COVID-19 pandemic has impacted all economies across the globe. Based on scientific literature, publicly available data and analytical reports, this paper will try to identify the changes in innovations potential of certain countries caused by the current pandemic. Observing the indicators of the Global Innovation Index (GII), comparative analysis will show how much has the pandemic af­fected the innovation capacity of the chosen countries and indicate the dif­ferences among them. Furthermore, the paper aims to research and to per­ceive the importance of undertaking innovations and R&D activities in crises such as the spread of coronavirus.

LIMEN Conference

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