Pages: 70-76
Published: 30.10.2017
Abstract: The relevance of the subject of the current article is caused by the fact that this stage of development is characterized by an essential growth of innovative activity worldwide. One of the reasons of this process is explained by a special role of innovations in the development of modern society. The countries with market economy introduce innovations into the number of those main tools which promote increase and strengthening of competitiveness of economic entities. For developing countries, the countries with formed post-industrial economy, innovations are accelerators of economic growth as well as a source of formation of qualitatively new knowledge.
Key words: innovation, innovative activity, economic growth, development strategy
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