TRENDS OF INNOVATIVE DEVELOPMENT DURING COVID-19

Анотація

The article draws attention to the research of the current state and main trends of innovative development of the world. Thus, a study of the innovative development under the influence of the COVID-19 pandemic was conducted. In particular, the current trends of the worlds' innovative state in different categories of innovation were identified. Hence, the main innovative areas of development were outlined. The main characteristics of such elements of innovation development as the structure of innovation, venture capital, scientific and technical clusters, and digitalization have been identified. Besides, trends in innovation in the context of the pandemic-generated uncertainty have been outlined. Additionally, the reasons for the further spread of digitalization despite the background crisis processes have been identified. A thorough analysis of venture capital intensity indicators was performed. The level of provision of countries with innovative resources was studied. Based on the analysis, the main areas of innovation development in different groups of countries that are key to increasing competitiveness were recognized. The study suggests that investments in science and innovation were sustainable in the context of the economic regression aggravated by COVID-19. Venture capital transactions continued to grow in 2020, relying on high pre-crisis levels. In addition, the special importance of digital technologies and digitalization was emphasized. Thus, governments are paying attention to targeted strategies for the further development of the digital economy. Further, COVID-19 has led to an increase in demand for online commerce, due to the introduction of quarantine restrictions. The current innovation trend is that the location of global innovations is changing unevenly, as North America and Europe continue to outpace innovation in other regions. At the same time, Asia has been showing an increase in innovations over the past decade and is the only region that is shortening the innovation gap. Accordingly, the pandemic has created new trends of innovative advancement.

Класифікація

Ідентифікатори

Схожі роботи