Abstract

Influenced by the COVID-19 pandemic and the economic turmoil caused by Russia's full-scale war in Ukraine, key global trends in the world economy, such as intellectualization, digitalization and networking, are being transformed and intensified. In this context, the growth of the country's global competitiveness is also determined by the ability to integrate into global value chains, produce finished products with a high share of added value and export such products as a result of new technologies, organizational, marketing, product innovations with coordinated cooperation between business, government and innovation. The article proves the negative trend of reducing the level of knowledge intensity of domestic GDP, which limits the development of innovation processes in Ukraine and has a negative impact on macroeconomic dynamics in general. Outdated production structure, low level of R&D expenditures in Ukraine and declining innovation activity of domestic enterprises have led to a trend of low presence of Ukraine in the world market of high-tech products. It is substantiated that in order to transform the raw materials character of Ukraine's economy into high-tech and innovative, increase and maintain high innovation activity and ensure high rates of economic growth, the state should increase the share of GDP for research and development and the number of scientists, which will be an important factor of ensuring economic growth in Ukraine. The author confirms the significant statistical dependence of Ukraine's GDP and the dependence of the volume of sold innovative products of industrial enterprises on the cost of research and development. In these conditions, innovation can be a trigger for economic growth, which will be reflected in the intellectualization of the economy, increasing productivity, creating new jobs and opportunities in the corporate sector, and globally ensure the adaptation of the economy to new global trends. Ukraine has significant potential for the creation of an innovative high-tech export-oriented economy with active state support and the development of a progressive national research and innovation system.

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