INNOVATIONS AS A MEANS OF ECONOMIC DEVELOPMENT OF THE STATE AND THEIR INFLUENCE ON THE FORMATION OF THE WORLD ECONOMY

Анотація

The article examines innovations as a means of economic development of the state and their impact on the formation of the world economy. It is analyzed that constant innovation in the production of goods and services is a prerequisite for the development or even survival of the enterprise in conditions of fierce competition. It is investigated that the intensification of innovation belongs to the systemic issues of macroeconomic development, the solution of which should be carried out primarily at the state level. It is determined that the study of theoretical and practical issues of state innovation policy is an important problem in modern science. It is characterized that the economically and technologically developed countries of the world have moved to a fundamentally new nature of economic development – innovation, the features of which are large-scale introduction of scientific and technical developments and transfer of high-performance technologies to commercialize them. It is determined that innovations have caused progressive technological changes in the real sector of the economy, the structure of consumption and increasing the competitiveness of the national economy as a whole. It is recognized that in the field of innovation the world's leading countries use a system of state planning and financial support; legal protection of intellectual property; state guarantees for the development of innovation infrastructure; stimulating private investment in innovation. It is characterized that the modern concept of formation of the financial mechanism of maintenance of innovative development is characterized by target orientation on a combination of direct state budgetary financing of innovative programs and projects with financial support of separate organizations. In the field of improving the innovative development of the world economy, the goal of uniting the national innovation systems of countries is to build a dynamic economy based on knowledge and should provide countries with world leadership.

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