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Socio-economics of radical innovation: case study of Australia
Date added: 2013-04-01
Author/Authors
Maksymilian Kochański
Abstract
This article presents an example of radical social innovation. It concentrates on 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 the main benefits and the whole process of changes led to the final implementation of the social and economic innovation.
Keywords
Innovation, radical innovation, industry protection, wage arbitration, state paternalism, imperial benevolence
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