Abstract
The pragmatic role of financial mechanisms in the paradigm of innovation development on the basis of fundamental principles of national science and practice is explored. It is proved, that the key parameters of modern innovation development show steady tendencies of decreasing entropy of financial mechanisms of the state. It was clarified that the transfer of emphasis on the use of advanced technologies, the transition to the release of high-tech products, the adoption of progressive organizational and managerial decisions in innovation activities should be based on the principles of innovation imperative and autocratic mechanisms in the country's economic policy. It was stated that the intensification of innovation processes in the state should be based on the principles of interaction between subjects of scientific and technical and entrepreneurial activity, in particular, to minimize the consequences of changes in the structure of economic activities. It has been established that the paradigm of innovation development requires the formation of an effective financial policy of the state, the main tasks of which are activation of innovation activity of economic entities and the creation of a coherent system of their financial support, taking into account an effective financial mechanism. This will be facilitated by systematization of state financing and stimulation of innovative development of the national economy.
Highlights
Under the conditions of a market economy, the strengthening of the innovation paradigm of development is a powerful component of the dynamic growth and competitiveness of the domestic economy
A key aspect of economic development on an innovative basis is the creation of an effective financial mechanism
There is a need for theoretical substantiation and the formation of a holistic view of the financial mechanism in the paradigm of innovation development, serving as the basis for building an effective financial policy of the state
Summary
Under the conditions of a market economy, the strengthening of the innovation paradigm of development is a powerful component of the dynamic growth and competitiveness of the domestic economy. This direction will allow the state to provide more efficient use of available scientific and technical potential in the implementation of structural and technological changes. Pragmatic role of financial mechanisms in the paradigm of innovative development: domestic and world trends. In this context, there is a need for theoretical substantiation and the formation of a holistic view of the financial mechanism in the paradigm of innovation development, serving as the basis for building an effective financial policy of the state. The problem of methodical approaches to a financial mechanism, an integrated assessment of the efficiency of innovation development is insufficiently highlighted
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