Innovation as a factor of economic development of border areas

Abstract

In the modern world the issue of innovation is the basis of economic development, it affects the competitiveness of businesses, how they build their values and operate on the market. Linking all these elements will allow one to properly determine the innovation potential and to introduce solutions that will lead the innovation process towards positive and intended results. This is particularly important in Polish, Slovak and Ukrainian border regions - each of them is located peripherally in relation to the main national economic centres and, therefore, deals with similar economic and social problems. Greater dynamism in the implementation of innovation in these areas could become important factors for the progression of transborder regions. For that reason, the article presents an analysis of selected indicators of innovation in conjunction with the level of socio-economic development of these regions.