Abstract
The authors studied various theoretical and methodological approaches to the problem of innovation system management and shaping of innovation policy. Essential features of these specific approaches and their weaknesses were allocated. It is concluded that in the practice of public administration it is expedient combination of the various approaches for realizing the full potential of public administration and management to build an innovation economy. The necessity of consistent and concerted macroeconomic and innovation policy established. The innovation policies should be designed taking into account the patterns of long-term economic growth, the global trends of innovative development of the economy as well as available competitive advantages of each country and every region.
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