World economy and international economic relations

The world innovation economy: modern trends of development

Economic Annals-XXI

Economic Annals-ХХI: Volume 142, Issue 7-8(1), Pages: 8-11

Citation information:
Ryneiska, L. (2014). The world innovation economy: modern trends of development. Economic Annals-XXI, 7-8(1), 8-11. https://ea21journal.world/index.php/ea-v142-02/

View Full TextDownload PDF

Liudmyla Ryneiska
PhD (Economics),
Associate Professor,
Yurii Kondratyuk Poltava National Technical University
24 Pershotravnevyi Ave, Poltava, 36011, Ukraine
ryneyskaya_ls@ukr.net

The world innovation economy: modern trends of development

Abstract. Problem statement. Scientific and technological progress has always been the determining factor of economic development. Under globalization conditions, the modern economy is acquiring more and more innovation nature. Therefore, investigation of the world’s innovative economy problems, including today’s trends of its development, is currently important. The purpose of the article is determination and study of the modern trends in the world innovation economy development. Special attention is drawn to functioning of innovation sectors in the national economies of the developed and developing countries.

The main results of the study. The principle vector of the world economy development is high-tech production. In this respect, growing of the governmental support to research studies in the countries with the most efficient economies has been analyzed. The innovation policy types – active and passive – have been studied together with the main groups of countries, formed on their basis, each of them mainly exporting or importing innovations necessary for the economic development. Features of mutual influence of the innovation sectors in the national economies of the developed and developing countries have been analyzed. Expansion of innovative activities in the spheres of large and small business and functioning of mncs as innovative production centers have been explored.

Conclusions. The innovation nature of the present day economy and the following trends of its development have been determined as follows: 1) formation of the two main groups of countries in the world innovations transfer. One of them includes the most technologically advanced countries (such as the USA, Germany), which are exporters of innovations, while the other group is the majority of countries importing them; 2) growing participation of developing countries in the world innovation activity (China, India, Brazil and others); 3) expansion of mutual influence of innovative sectors in the national economies of the developed countries and those with developing economies; 4) significant increase of the multinational corporations role in the science research activity and commercialization of its results; 5) development of innovation activity at small and medium-sized enterprises.

Keywords: World Innovation Economy; Scientific and Technological Progress; Innovations; Innovation Sectors of National Economies; Trends of Development

JEL Сlassification: F20; O31; O57

References

  1. Androshchuk, G. (2013). Double purpose technologies commercialization: the U.S. experience. Teoriia i Praktyka Intelektualnoi Vlasnosti (Theory and Practice of Intellectual Property), 1(69), 51-65 (in Ukr.).
  2. Budkin, V. (2010). The innovation model of national economies development. Ekonomika Ukrainy (Economy of Ukraine), 6, 67-78 (in Ukr.).
  3. Yeroshkin, A. (2011). State innovation support mechanisms: foreign experience. Mirovaya Ekonomika i Mezhdunarodnyie Otnosheniya (World Economy and International Relations), 10, 21-29 (in Russ.).
  4. Yeroshkin, A., & Petrov, M. (2012). New trends of the developed and developing countries interaction in the innovation sphere. Mirovaia Ekonomika i Mezhdunarodnyie Otnoshenia (World Economy and International Relations), 12, 3-14 (in Russ.).
  5. Khamchuk, V. P. (2009). Industrial parks as an efficient mechanism of the economy’s innovation development (on the U.S.A. pattern). Ahroinkom (Agroinkom), 9-12, 23-26 (in Ukr.).
  6. Supyan, V. B. (2013). The U.S.A. in the world economy: leadership maintaining forecasts. Ssha i Kanada: Ekonomika. Politika, Kultura (The USA and Canada. Economy. Policy. Culture), 7, 3-15 (in Russ.).
  7. Shavshukov, V. M. (2012). «changing of the guard» in the global economy: assessment of the script. Ssha i Kanada: Ekonomika. Politika, Kultura (The USA and Canada. Economy. Policy. Culture), 12(516), 32-38 (in Russ.).
  8. Linevych, Yu. (2009). Features of organizing the transnational corporations activity. Derzhavnyi Informatsiynyi Biuleten pro Pryvatyzatsiiu (State Information Bulletin on Privatization), 12, 10-11 (in Ukr.).
  9. Bak, G. O. (2012). Leadership of transnational corporations in the world innovations creation. Ekonomicnij Casopis-XXI (Economic Annals-XXI), 3-4, 16-19.
    Retrieved from https://ea21journal.world/index.php/ea-v119-05/ (in Ukr.)
  10. Krasnov, I. (2013). The role of small and medium enterprises in the world economy. Problemy Teorii i Praktiki Upravleniya (Problems of the Administration Theory and Practice), L, 38-46 (in Russ.).
  11. Karpyuk, O. (2012). Innovation loyalty in the global scale. Bankivska Sprava (Banking), 6, 85-92 (in Ukr.).
  12. Dyugovanets, O. M. (2011). The world practice of the venture activity financing. Ekonomicnij Casopis-XXI (Economic Annals-XXI), 1-2, 41-44.
    Retrieved from https://ea21journal.world/index.php/ea-v112-12/ (in Ukr.)
  13. Yevtushenko, O. N., & Andriyash, V. I. (2013). Regionalization and globalization in the process of geopolitical and geo-economic area formation. Investytsii: Praktyka ta Dosvid (Investments: Practice and Experience), 4, 109-112 (in Ukr.).
  14. Meshko, N. P. (2008). Innovation development strategy realization: the u.s.a. experience. Investytsii: Praktyka ta Dosvid (Investments: Practice and Experience), 22, 22-26 (in Ukr.).
  15. Lebedeva, L. F. (2012). The positions of russia and the u.s. in the polycentric world: socio-economic aspect. Ssha i Kanada: Ekonomika. Politika, Kultura (the USA and Canada. Economy. Policy. Culture), 11(515), 3-13 (in Russ.).
  16. Davydov, A. J. (2012). Does economy determine policy? (problems of economic relations between the U.S. and European Countries). Ssha i Kanada: Ekonomika. Politika. Kultura (the USA and Canada. Economy. Policy. Culture), 10(514), 3-18 (in Russ.).
  17. Survey of the world economy trends for the 1st semester of 2013 (2013). Strakhova Sprava (Insurance Business), 3, 16 (in Ukr.).

Received 18.06.2014

View Full TextDownload PDF
In, , , , , ,

More Papers