ECO-INNOVATION AS THE DETERMINANT OF SOCIOECONOMIC DEVELOPMENT ON THE EXAMPLE OF THE SWEDISH ECONOMY

Abstract

XXI century is a period of progressive processes of globalization, changing socio-economic conditions, a lot of opportunities and threats. One of the major challenges faced by the economies of the progressive degradation of the environment. It is important to develop innovations, namely eco-innovations, which on the one hand bring a lot of valuable ideas and solutions, meet the constantly changing demands of customers and, on the other hand, constantly degrade the environment.
The purpose of this article is to emphasize the essence of the eco-innovation role in the contemporary world, which serves an example of one of the most innovative, the most developed and most competitive economies in the world - Sweden, which has been regarded as a leader in eco-innovativeness.