Innovation modernization of Ukraine’s economy taking into consideration the EU’s expirience

Yuliya Orlovska; Svetlana Morozova

doi:10.31520/2616-7107/2019.3.2-5

Yuliya Orlovska Pridniprovska State Academy of Civil Engineering And Architecture, Dnipro, Ukraine http://orcid.org/0000-0003-0966-931X
Svetlana Morozova Pridniprovska State Academy of Civil Engineering And Architecture, Dnipro, Ukraine http://orcid.org/0000-0002-0118-3502

DOI: https://doi.org/10.31520/2616-7107/2019.3.2-5

Abstract

Introduction. At the beginning of the 21st century, most Western countries, faced with the need to find ways to grow, began to realize that the post-industrial economy can no longer act as a reliable foundation for economic development. It should be noted that Ukraine's place in world innovation processes does not yet match the potential of the country. Lack of funding for research and development, especially fundamental science, will lead to further outflow of highly skilled scientific personnel, loss of prospects for the growth of national competitiveness on world markets of innovative products and irreversible lagging behind developed countries.

Aim and tasks. The aim of the research is to develop the general provisions of the systematic study of the patterns of innovation development of European countries in the context of global transformations and to justify on this basis the directions of innovation modernization of the Ukrainian economy.

Results. Three fundamentally different variants of development of economic systems are determined depending on the choice of technological basis of economic growth. The prerequisites for formation of the strategy of innovation modernization of the Ukrainian economy are substantiated, namely: resource support; technological update; institutional support; development of infrastructure and regulatory support; strengthening of business reputation and access to the foreign market; increase of competitiveness of Ukrainian enterprises in the world market of goods and services. The model of innovative modernization of economic development with the account of the experience of the EU member states as a form of private-public partnership with the use of science-intensive technologies (on technological platforms) is offered.

Conclusions. According to the results, it is determined that the effective system of innovative modernization of the Ukrainian economy has not yet been formed. The following areas are suggested for the urgent directions of solving this problem: fundamental development and theoretical substantiation of the types of public-private partnership; ensuring transparency of the system of stimulation of domestic innovation projects; formation of a stable information field, which includes a set of data on a number of issues that arise (between private, state and mixed structures), as well as in the process of generating and using financial resources for the purpose of innovative development of the domestic economy.

Keywords:

innovation development, economic system, European countries, modernization of economy.

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