INVESTMENTS AND INNOVATIONS AS CONDITIONS FOR THE DEVELOPMENT OF THE ECONOMY OF THE REGIONS OF THE RUSSIAN FEDERATION

UDC 336.5
DOI: 10.36871/ek.up.p.r.2024.12.06.012

Authors

Valeria G. Bondareva,
Bella B. Tokaeva,
FGBOU VO “North Ossetian State University named after Kosta Levanovich Khetagurov”, Vladikavkaz, Russia

Abstract

The paper analyzes the impact of investments and government support in financing the innovative economy in modern Russia and develops recommendations for its optimization in order to facilitate the full implementation of the strategy of innovative development of the Russian Federation. The author investigated the growing importance of innovation both for improving the efficiency of industrial enterprises and agriculture, and for the development of the country’s economy and regions as a whole, showing that an innovative development strategy can and should provide competitive advantages to domestic producers, contribute to GDP growth and improve living standards. Proposals have been developed to enhance investment activity and transform investment policy in the Russian Federation.

Keywords

investment, innovation system, innovative development, transformation, long-term, company, economic stability