Abstract

This chapter examines the research results of the problematic aspect of introducing foreign innovation policy and the possible ways of creating a future innovative economic system of Russia. The main aim is to consider the possibility of establishing the innovative economic system of Russia through gaining foreign experience. Specifically, we discuss the peculiarities of the US innovative economic system and the key features of the Russian economy as well as innovation processes that take place in the Russian economy. The objects of analysis are the innovation systems of the USA and Russia. The main method of analyzing these two systems is the comparison of individual qualitative and quantitative indicators which could show the effectiveness of an innovation system and compare the strengths and weaknesses of the existing Russian innovation system.

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