International organizations and valuation of the intellectual property in the world economy

Abstract

The subject of the presented analysis is intellectual property and role of international organizations as a factor influencing the innovative development of the economies in different states. The article notes the dependence of the level and quality of economic growth, the degree of involvement in the process of scientific and technological development. The main part contains different factors of innovative development, the role of the institute of intellectual property as one of the key factors for the successful functioning of the innovation macro- and micro-level systems. Global recognition of intellectual property as the main instrument of innovative transformation is confirmed by the inclusion of indicators use of intellectual property in the main world indices of innovative development. The article concludes that most innovations are based on intellectual property.