The world cannot be imagined without innovation progress therefore its measurement and evaluation are highly important. The aim of the paper is to present the importance of innovation progress in the framework of the EU and present the innovation capacities between Hungary and Serbia in the time frame of one decade based on defined innovation inputs distributed through selected outputs.
The present study elaborates on the importance of material flows in the context of local and global production systems. The theoretical part describes how population growth induced the need for global production and how it contributed to further welfare disparities. The research focuses on the socio-economic processes of globalization with a special consideration on resources. It states that business processes have grown over the importance of territorial affairs in the past 100-150 years.
