BENCHMARKS OF ENSURING AN «ECONOMIC BREAKTHROUGH» OF UKRAINE IN TECHNOLOGICAL AND INNOVATIVE AREAS

Authors

  • Liubov Smoliar cand.sc.(econ.), professor, rector, International University of Finance, professor of management and innovation department, NTUU “Igor Sikorsky Kyiv Polytechnic Institute”
  • Olha Ilyash dr.sc.(econ.), professor, vice rector for scientific and international activity, International University of Finance, professor of theoretical and applied economics department, NTUU “Igor Sikorsky Kyiv Polytechnic Institute”
  • Ruslan Kolishenko postgraduate student, International University of Finance
  • Tetiana Lytvak International University of Finance

DOI:

https://doi.org/10.37332/2309-1533.2020.5-6.3

Keywords:

Key words, economic breakthrough, benchmarks, indicators, technological area, innovative area, economic growth.

Abstract

Smoliar L.I., Ilyash O.I., Kolishenko R.O., Lytvak T.M. BENCHMARKS OF ENSURING AN «ECONOMIC BREAKTHROUGH» OF UKRAINE IN TECHNOLOGICAL AND INNOVATIVE AREAS

Purpose. The aim of the article is the system analysis of foreign experience and development of indicators and directions of an «economic breakthrough» in technological and innovative areas within the framework for the preparation of the Strategy of an economic breakthrough of the state by the Ministry of Economic Development, Trade and Agriculture of Ukraine.

Methodology of research. General and special methods have been used to achieve this aim in our scientific and analytical development: the axiomatic method and scientific abstraction method (to define the terminological consistency of notions by studying the categorical apparatus «technological breakthrough», «economic breakthrough» and «innovative breakthrough”; induction and deduction methods (to determine the core factors of an economic breakthrough); the method of synthesis and system analysis (to substantiate the theoretical essence of the basic notions and develop our own system of indicators of an «economic breakthrough»; the decomposition method (to single out the functional components (technological and innovative) in the system of an «economic breakthrough»; tabular and graphical methods (to reflect the analytical calculations and the final results of the study).

Findings. The experience of 19 countries that have made an «economic breakthrough» in technological and innovative areas is systematised, in particular: the experience of the USA, Canada, Australia, Japan, China, Singapore, South Korea, Finland, Sweden, Denmark, Norway, France, Germany, Egypt, Switzerland, Great Britain, Austria, Brazil and India. The original system of indicators has been suggested and the comparative monitoring of the indicators, which helped to provide a «technological and innovative breakthrough» for the selected countries of the world in comparison with Ukraine, has been carried out. The recommendations to public authorities, aimed at creating the main benchmarks of an «economic breakthrough» of Ukraine in the technological and innovative areas of activity, have been prepared.

Originality. A system of indicators of an economic breakthrough of Ukraine in technological and innovative directions has been formed for the first time, the foreign experience of economically developed countries of the world in the direction of achieving economic growth of national economies has been systematised. The recommendations to public authorities concerning the identification of the main benchmarks for Ukraine's technological and innovative breakthrough in the near future have been further developed.

Practical value. The outlined priority directions of the policy «Economic breakthrough» and intensification of the state policy on ensuring the economic welfare and growth in Ukraine are substantiated by the applied analysis of critical technological, innovative and state-building factors of the exacerbation of economic problems in Ukraine.

Key words: economic breakthrough, benchmarks, indicators, technological area, innovative area, economic growth.

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Published

2020-10-13

Issue

No. 5-6 (2020): INNOVATIVE ECONOMY

Section

Economy and innovative development of the national economy

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How to Cite

“BENCHMARKS OF ENSURING AN «ECONOMIC BREAKTHROUGH» OF UKRAINE IN TECHNOLOGICAL AND INNOVATIVE AREAS”. INNOVATIVE ECONOMY, no. 5-6, Oct. 2020, pp. 19-29, https://doi.org/10.37332/2309-1533.2020.5-6.3.