Peculiarities And Principles Of Innovations’ Diffusion In Global Economy

Abstract

The topicality of the research is explained by the fact that the course of global economy on digital development in the conditions of increasing competition on the market of raw materials, capitals, products, service, technologies emphasizes the necessity of innovations’ implementation. The aspiration to fill new niches in global market, the priority to new products which meet global quality standards, the usage of experience of high-tech countries direct the economy of all countries toward stimulating research and development activity, and therefore, toward innovative development. Innovative products and technologies take up more and more role in global trade year by year. However, the analysis of dynamics of the global innovation index, Bloomberg Innovation Index from 2008 to 2018 shows that innovative development of national economies is determined both by fully formed global trends in global markets and by the peculiarities of socio-economic development in the area; this fact puts new questions in the research of peculiarities and principles of innovations’ distribution in global economy. Our research considers a range of problems: 1. The appearance of breakthrough technologies is a global trend: how does the introduction of new ideas and studies change the structure of global markets? 2. Innovations mean the appearance of new opportunities and threats: what risks are connected with innovations’ diffusion in global economy? 3. Innovations improve the life quality: how significant is innovations’ influence on the social development of national economies?