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Innovations and Ukraine’s social and economic development

This post is also available in: Ukrainian

Department of Innovation Policy, Economics and High-Tech Research completed work on “The main problems and guidelines of Ukraine’s innovative development in 2015-2020.”

 The work is the result of comprehensive research by specialists from several Ukrainian research institutions (coordination and general methodology to implement the project were provided by the State Institution “Institute for Economics and Forecasting of NAS of Ukraine”). The researchers deepened the understanding of the importance of innovation in the reproductive processes in a modern economy, revealed various socio-economic generalities determining the dynamics of innovation development both at the state level and at the level of individual companies. In particular it is shown that, with the innovative type of development, the dynamics of change reaches a level at which features that characterize the variability of state, begin to greatly dominate over those that characterize its stability. The authors show the role of national institutions in the implementation of innovation policy under the crisis conditions, in which Ukraine is now.

 The investigation provides calculations of the dynamics of the main indicators of innovation development in recent twenty years. There are proposals to strengthen the impact of innovation on the modernization of the national economy through the formation of national institutions whose activities should be focused on achieving the priorities of innovation of the economy, particularly in the financial sector, such as universal and specialized development banks, export-import banks, government and venture leasing companies, innovation funds and foundations, regional development agencies and others. Among innovation-oriented national institutions of other types, which should acquire particular importance are parks, industrial parks, business incubators, research centers, technology transfer centers, centers of design and others that will contribute to the development of innovation infrastructure and mainly act on the principles of entrepreneurship.

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