Innovative aspects of international economic activity

In modern international activity the greater importance is given to the methods of innovative development of production, which causes the high competitiveness in the world market of the countries as a whole, and subjects of entrepreneurial activity in particular. Innovation activity in the modern conditions is an important factor in ensuring economic growth of the state and enterprises, which leads to the relevance of the study of innovative aspects of international economic activity.

Innovations in international economic activity act as a necessary element of ensuring competitiveness. Experience of the developed countries shows that realization of the innovation strategy depends, first of all, on the resources which should be directed to the solution of innovative tasks. If on average the costs of basic research are taken as a unit, the costs of applied research and experimental development work exceed them in developed countries by 10 times.

The industrial and technological sector of the world economy and industry, especially in the field of high technology, is becoming global in content. Development of high technologies, production on their basis of products (goods, services), access to world markets, expansion of international integration in this area have become the most important strategic model and “locomotive” of economic growth for most industrialized countries of Western Europe, USA, Japan and countries of South-East Asia.