Innovative and technological development of the regions during the period of economic instability

Abstract

Currently, the world economy has entered a period of unsteady development, characterized by the aggravation of problems that cannot be solved within the framework of existing equipment, technologies, management methods, etc. These problems are caused by the completion of the 5th technological order and the birth of the 6th, as well as the beginning of the 4th Industrial Revolution. The existing world experience convincingly proves that during periods of economic transformations caused by changes in technological structures, innovative development in the direction of innovative advance is a priority. The countries that have embarked on the path of advanced innovative development are the leaders of economic growth, ensuring the economic well-being and high quality of life of their peoples. For the enterprises of the domestic industry, which retains a significant innovative potential, the strategy of advanced innovation is virtually no alternative. The article examines the state of innovation and technological development of Russian regions during the period of economic instability. Attention is paid to the peculiarities of innovative growth of regions. Based on statistical data, the analysis of the main indicators reflecting the innovative activity of enterprises in the country’s industry is carried out. The main regional problems hindering innovative development are identified and a number of priority measures necessary for decision-making in the field of innovation promotion are proposed.