Innovativeness of the economies of the EU and Ukraine: undertakings to narrow the gap

Economic Annals-ХХI: Volume 156, Issue 1-2, Pages: 22-25

Citation information:
Fedulova, L. (2016). Innovativeness of the economies of the EU and Ukraine: undertakings to narrow the gap. Economic Annals-XXI, 156(1-2), 22-25. doi: https://doi.org/10.21003/ea.V156-0005

Liubov Fedulova
D.Sc. (Economics),
Professor,
Kyiv National Trade and Economic University
19 Kyoto Str. Kyiv, 02156, Ukraine
fedulova2010@rambler.ru

Innovativeness of the economies of the EU and Ukraine: undertakings to narrow the gap

Abstract. The article provides comparative characteristics of the level of innovation development in the EU member countries and Ukraine based on official statistics and international rankings. The authors have identified the factors which constrain the implementation of innovations and impede competitiveness in Ukraine. They are insufficient demand for innovation; lack of development institutions; a small number of highly qualified innovation managers capable of working in the innovation sector; lack of consistency of state educational, scientific, technological, industrial and innovation policies. The present work covers the best policies of the European Union related to the formation of innovative space in the EU, as well as mechanisms for the regions’ «smart policies» implementation to ensure the realisation of their potential.

The author has made the proposals related to the ways of narrowing the gap in innovation development between the EU and Ukraine, including the formation of an institutional framework for interaction between the state and private companies in order to provide the implementation of innovative development programmes, regional programmes of assistance to small businesses and specific projects within the relevant state programmes developed for high-tech sectors. It is proved that borrowing the best practices of the EU member countries in addressing strategic and tactical problems on the formation of the national innovation system will be a catalyst of innovation development of Ukraine narrowing the gap at the stage of formation of knowledge economy.

Keywords: Innovative Factor; Human Potential; Intellectual Resource; Ratings

JEL Classification: O15; O38

DOI: https://doi.org/10.21003/ea.V156-0005

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Received 10.02.2016