Responsible Innovation in Emerging Markets
This book series focuses on emerging markets, defined as market economies of developing
countries. The high scientific interest in studying these markets stems from their rapidly
growing economies, which are subject to swift changes, causing data to become outdated quickly
and necessitating continuous research to determine the current status quo in these markets.
Emerging markets are distinguished by their rapid economic growth and notable innovative
activity. The most prominent examples are the BRICS+ countries and the Eurasian Economic Union
(EAEU), which actively participate in the global technology race and digital competition, and
have a significant impact on global GDP. However, emerging markets face particularly acute
challenges from the costs of economic growth, with the pace of social well-being lagging behind
GDP growth.
Therefore, it is crucial to explore ways to channel the rapid economic growth and innovative
development for the benefit of society in emerging markets. This can be achieved through
responsible innovation, where social and environmental responsibility is integrated at every
stage of the innovation process – from design to implementation. The economic essence of
responsible innovation lies in the balanced consideration of all stakeholders’ interests in the
course of innovative activities.
This series publishes scientific research dedicated to addressing global inequality – ranging
from reducing income disparity and improving quality of life to bridging the digital divide
among countries – by enhancing the management of responsible innovation in emerging markets.
Editor: Prof. Dr Elena Popkova
Sustainable Development of the Economy and Business in the Age of Digitalization
The sustainable development concept, fully formed in the early 21st century and embodied in the
United Nations’ initiative to achieve the Sustainable Development Goals (SDGs), has become a
beacon illuminating the path for the global community towards a better present and future. In
this vision, the interests of everyone are considered and upheld, global inequality is
successfully addressed, and economic growth is achieved in harmony with social and
environmental systems.
On the one hand, digitalization, the process of the emergence and proliferation of new digital
technologies within economic processes and systems has opened up new opportunities for
sustainable development. These opportunities include increased public safety and social
well-being in smart cities, improved environmental monitoring and control through automation,
and many others.
On the other hand, digitalization brings new threats to sustainable development. These threats
include the increasing energy consumption of automated processes, the carbon footprint of new
telecommunications infrastructure, and the waste generated from the disposal of digital devices.
The unpredictable nature of digitalization processes contributes to uncertainty regarding their
impact on sustainable development.
These considerations underscore the importance of managing sustainable development in the
context of digitalization, with a key role played by businesses. Nowadays, businesses are
actively leveraging advanced technologies to enhance productivity and product quality and
optimize supply and distribution chains. This book series systematizes international experience
and scientifically explores the sustainable development prospects for the economy and business
in the age of digitalization.
Editor: Prof. Dr Elena Popkova
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