Financing Innovation Development in the Context of Foreign Experience and Domestic Practice

The importance of innovation development is determined by the strategic role that true innovations play in the development of the state and the formation of a healthy, competitive economy. The organization of massive industrial production-which applies advanced technological achievements and science...

Full description

Saved in:
Bibliographic Details
Published inProblems of economic transition Vol. 60; no. 7; pp. 578 - 596
Main Author Tsatsulin, A.
Format Journal Article
LanguageEnglish
Published Routledge 03.07.2018
Subjects
applied research
basic research
financing
industrial economy
industrialized nations
innovation development
innovation infrastructure
labor productivity
national innovation system
R&D
Online AccessGet full text
ISSN1061-1991
1557-931X
DOI10.1080/10611991.2018.1551034

Cover

More Information
Summary:The importance of innovation development is determined by the strategic role that true innovations play in the development of the state and the formation of a healthy, competitive economy. The organization of massive industrial production-which applies advanced technological achievements and science-intensive knowledge to form an infrastructure for innovation-should be a key component of the government's strategic policy to develop the national economy. In Russia, the infrastructure for innovation is less developed than other industrialized countries. This article considers the consequences of this underdevelopment, and proposes several ways of financing basic and applied research on the basis of foreign precedent and domestic practice.
ISSN:1061-1991
1557-931X
DOI:10.1080/10611991.2018.1551034