GLOBAL ECONOMIC INSTABILITY AND INNOVATION POLICY

Анотація

The study is addressing the global instability impact on economic development, competition and innovation policy. Global shocks and instability expose the differentiation of GDP growth, trade tensions and protectionism, supply chains disruptions, expanded competition. Euro area has slower growth rates comparing to the US and emerging countries of Asia. Such situation creates a need for acceleration of growth in Europe based on the innovation and high technology. Regulatory policy in Europe aimed on the innovation production and dissemination for the all areas of the economy and society. Innovation policy focusing on fostering a solution of complex problems such as energy, sustainability, productivity, quality of life. Cooperation and partnership are key systemic methods of innovation policy on the EU, regional and international directions. Countries economic differentiation is influencing on the research potential and innovation capacities gap. EU innovation policy, cooperation and partnership are directed to coordinate innovation production and boosting competitiveness. Innovation playing a significant role in addressing of the EU key economic problems ach as boosting competitiveness, transformation of the EU energy sector towards greater efficiency, stability, transition to the green energy.

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