UDC 338.48
DOI: 10.36871/ek.up.p.r.2023.11.03.026
Authors
D. I. Burlov,
North-Western Institute of Management of RANEPA, St. Petersburg, Russia; St. Petersburg University of Management Technologies
and Economics, St. Petersburg, Russia
Abstract
This article provides a comprehensive overview of the innovative paradigm of economic growth, highlighting key concepts and factors that drive innovation-driven economic development. The study delves into the significance of innovations, technological progress, and innovation policies in fostering economic growth and competitiveness. It explores national innovation systems, strategies, and technological trends that shape modern economies. The role of investments in research and development and the consideration of sustainable development, including social and environmental aspects of innovations, are discussed. The article also examines innovation clusters and the nexus between education and innovation. Additionally, it touches upon global technological trends that influence the innovation landscape. This comprehensive analysis underscores the pivotal role of innovation in shaping contemporary economies and offers insights for future research and policy implementation.
Keywords
innovations, economic growth, technological progress, innovation policy, innovation economy, competitiveness, national innovation systems, innovation strategies, technological trends, investments in research and development.
