Formation of economic security of the state through the introduction of technological innovations

Abstract

Introduction. The introduction of high-tech innovations plays a key role in shaping the economic security of the state. This is due to the fact that the high-tech sector has a great potential to ensure economic growth, create new jobs and improve the lives of citizens. This helps to strengthen the country's competitiveness and ensure its economic security. However, for the successful implementation of high-tech innovations, the state must create favourable conditions for the development of research infrastructure, promote cooperation between scientific institutions, business and government agencies, and ensure an adequate level of funding for research and development of innovative projects. Objective. The purpose of the study is to investigate the phenomenon of high-tech innovations, their impact on the economic security of the state and to determine the role of public administration in stimulating their implementation. Method (methodology) – to achieve the purpose and objectives, the study used the methods of theoretical generalization, analysis and synthesis, induction and deduction, and comparison. Based on the analysis and systematization of scientific sources that take into account the issue in detail, the scientific apparatus was developed and expanded. Results. The results of the study showed that high-tech innovations play a significant role in the development of the state's economy and ensuring its economic security. When defining the essence of the category "high-tech innovations", it was found that many authors do not distinguish between the concepts of technological innovations and high-tech innovations. There is no clear definition of this term in the current regulatory acts. The author suggests that high-tech innovations should be understood as innovations that fall under the criteria of Industries 4.0 and 5.0. It is established that today Ukraine is on the periphery of high-tech development. Most domestic enterprises have limited financial resources, so they are unable to carry out long-term research and development. Technological lagging behind developed countries leads to ineffective participation of our country in the international division of labour, since most high-tech products are imported to our country. The article suggests ways for public administration bodies to intensify the production of high-tech innovations by domestic enterprises.