Economic System Research Articles

The West: An autoimmune disease?

ContextThis work explores the paradoxical stress mechanisms in Western societies, marked by consumption and comfort. Despite the perceived well-being of modern capitalist societies, a profound psychosomatic discontent manifests, reflected in the rise of stress-induced illnesses, autoimmune diseases, and psychiatric disorders. The article uses the metaphor of autoimmunity to describe Western societal dysfunction, drawing parallels between biological self-destruction and societal self-harm driven by hyper-individualism, economic pressures, and digital dependencies. ObjectivesThis study aims to analyze the mechanisms through which Western societies contribute to self-destructive processes, paralleling the way autoimmune diseases function within the body. It seeks to demonstrate how excessive control, consumerism, and the digital environment exacerbate stress, which in turn contributes to both physical and psychological deterioration. The philosophical question underpinning this analysis is whether the societal and economic systems in the West are undermining the self-defense mechanisms of their members, akin to an autoimmune response. MethodThe article adopts a qualitative and theoretical approach, integrating concepts from psychology, psychoneuroimmunology, and epidemiology. The author incorporates clinical observations, epidemiological data, and philosophical reflections to explore the effects of chronic stress on mental and physical health. Drawing on psychoneuroimmunology, the research explores the bi-directional interaction between the mind, nervous system, and immune function, focusing on the relationship between stress, inflammation and autoimmune diseases. ResultsOur exploration reveals a significant correlation between the rise of autoimmune diseases and the psychosocial stresses of Western capitalist societies. Epidemiological data support the link between chronic stress, psychiatric disorders, and autoimmune conditions. The article also highlights how the digital economy's manipulation of stress and fear (such as through FOMO) contributes to widespread psychological distress. This stress, in turn, disrupts immune function, leading to a cycle of physical and psychological degeneration. InterpretationWestern societies, through their relentless pursuit of control, comfort, and consumption, create environments of heightened stress that mirror the dysfunctions of autoimmune diseases, where the body turns against itself. The research suggests that modern capitalist structures are pathogenic, exacerbating stress, weakening immune resilience, and fostering mental health crises. The article concludes that a holistic approach is necessary to address this systemic dysfunction, advocating for a reconceptualization of health that integrates mental, physical, and societal well-being.

Between theory and action: Assessing the transformative character of climate change adaptation in 51 cases in the Netherlands

Globally, researchers and policymakers are calling for transformative climate adaptation (TCA) to fundamentally change the attributes of social, economic, and ecological systems to deal with climate risks. However, attempts to conceptualize, assess, and implement TCA are limited and often result in vague and diffuse meanings, hindering transformative action. This study synthesizes existing literature to introduce a framework consisting of six dimensions for evaluating transformative climate adaptation actions: (1) depth, (2) scope, (3) scale, (4) pace, (5) social vulnerability, and (6) ecological vulnerability. We applied this framework to 51 climate change adaptation cases in the Netherlands. Our results show that no single case scored high on all dimensions, suggesting there are trade-offs between the six dimensions. Most trade-offs exist between depth, speed, and scale; however, they sometimes extend to the interplay between social and ecological vulnerability. We identify multiple clusters of cases that display varying degrees and characteristics of transformative change. Our results strengthen the call for a multidimensional and continuous change perspective of TCA to address the gap between transformative theory and transformative actions. The framework proposed here could guide future empirical research on the drivers of TCA and help governance actors work towards building more socially and environmentally resilient futures.

Design and implementation of high voltage DC generation system based on push-pull inverter integrated with Cockcroft-Walton

<span lang="EN-US">High-voltage DC generation is essential for industrial, medical, and scientific applications, such as X-ray machines, particle accelerators, and electrostatic precipitators. Existing high-voltage DC generators face challenges such as high cost, complexity, and inefficiency. A simplified and cost-effective solution that can reliably generate high-voltage DC from a low DC power supply is needed. This paper discusses the design and implementation of a high-voltage DC generator with a low-voltage DC power supply input. The generator employs a push-pull inverter to transform the DC 12 V voltage into AC 400 V at a frequency of 20 kHz. A Cockcroft-Walton circuit, comprising a positive and a negative Cockcroft-Walton circuit, then steps up this voltage. The Arduino Nano microcontroller uses pulse width modulation (PWM) signals to control the system. This research aims to provide a reliable and economical high-voltage DC voltage generation system for various applications. We discuss the design process and hardware implementation in detail. We set the target output voltage of this hardware at 10 kV DC. MATLAB/Simulink simulation software verifies the performance of the proposed high-voltage generator, and hardware implementation validates its effectiveness. The proposed high-voltage DC generator's hardware tests successfully produced an output voltage of 14.12 kV DC.</span>

Strategic Autonomy and Trade Defence: The Case of Cross-Country Subsidies

China’s state capitalism poses considerable challenges for the global economic system. Initially, the public debate centred on its massive domestic subsidies. In the meantime, however, China’s transnational cooperation and subsidy programmes, which are closely linked to the Chinese ‘Belt and Road Initiative’ (BRI), have come more into focus. For the first time, the European Commission has now made this cooperation with other third-countries the subject of anti-subsidy proceedings on the basis of a cross-country subsidy analysis and subsequently imposed countervailing duties on imports from the Chinese partner countries Egypt and Indonesia. Lawyers have criticized this approach, arguing that it lacks a legal basis and is contrary to WTO law. However, the General Court and, more recently, Advocate General Ćapeta have confirmed the Commission’s practice. This article argues that the cases decided so far prove to be manifestations of a domestic subsidy, which can be covered by EU anti-subsidy law, at least against the background of the effective protection against unfair trade practices intended by trade defence and the objective of a strategic autonomy of the EU. At the same time, WTO law does not formulate any clear limitations with regard to this kind of attribution of foreign subsidies and therefore does not prohibit the Commission’s current practice. WTO law is also more open with regard to other forms of a cross-country subsidy analysis than is sometimes portrayed.

Can artificial intelligence and green finance affect economic cycles?

The COVID-19 recession and the Ukraine-Russia War (URW) crisis have added a new layer of complexity to global economic cycles, necessitating the evolution of economic systems and proactive responses to emerging economic challenges. In this context, the recent article introduces artificial intelligence (AI) as a new driver of economic cycles and analyzes its dynamic role alongside the Belt and Road Initiative (BRI), the Paris Agreement (PA), green finance (GB), and economic shocks (ES) in determining global economic cycles. The article employs novel econometric tools, namely the CAViaR-TVP-VAR model, the Quantile Coherence method, panel Quantile on Quantile Kernel-Based Regularized Least Squares (PQQKRLS), and the Quantile-Quantile Granger causality (QQGC) test for robust findings. The outcomes reveal that AI influences economic cycles in the short run while significantly mitigating these cycles in the medium and long run. Furthermore, the BRI exhibits a positive link with economic cycles during the short and medium run; however, it can contribute to economic stability in the long run by impeding economic fluctuations. Similarly, green finance and the PA show mixed influences across various time horizons, except for the long run, which confirms their negative association with economic cycles. Additionally, ES has a direct link with economic cycles across most periods. The robustness check based on the QQGC test and PQQKRLS method supports the main results. Our results identify AI, BRI, and the PA as new drivers of economic cycles with the potential to counter global economic cycles. Therefore, based on these findings, the study proposes several policy implications tailored to different time horizons.

Performance Evaluation of Select RRBs in Maharashtra State: A Comparative Study Using Capital Adequacy Ratio’s of Camel Model

The performance evaluation of Vidharbha Konkan Gramin Bank (VKGB) and Maharashtra Gramin Bank (MGB) operating in Maharashtra state is carried out. A comparative evaluation is also performed between them by using Capital Adequacy of CAMEL Model Hence, this chapter embodies different ratios under Capital Adequacy of CAMEL model. The banking sector is a critical component of the financial system and cornerstone of the global economic system. Banks are one of the oldest financial institutions in the financial system, which play a vital role in the mobilization of deposits and the disbursement of credit among the different sectors of the economy. A sound banking system acts as a fuel injection that stimulates economic productivity and industrial development by mobilizing savings and investing them in high return endeavors. Various research reports show that countries with a well-developed banking system have high GDP rate and higher economic growth. In the recent past, banking regulators and policy makers have proposed banking regulation by using the CAMEL (Capital adequacy, Asset quality, Management efficiency, Earnings and Liquidity) rating model to evaluate and assess the performance and financial soundness of the bank. CAMEL rating system is an important internal supervisory method to assess and distinguish financial institutions. The Federal Financial Institutions Oversight Board of USA was introduced CAMEL model for the first time in 1979. Regulations of the banking sector always monitors the performance of the banks to ensure efficient financial system based on CAMEL ratios.

Where Is Capitalism? Unmasking Its Hidden Role in Psychology.

Our thoughts, behaviors, and well-being are deeply influenced by the economic system we live in-capitalism. While psychologists have explored capitalist ideologies like neoliberalism, they often overlook capitalism's core foundations driving inequality. This work argues that capitalism, rooted in Western colonial history, generates powerful cultural narratives prioritizing profit, competition, and private ownership. These capitalist principles manifest as pervasive societal mindsets obsessed with personal gain, viewing life as a zero-sum rivalry, and deriving self-worth from possessions. Collectively, they breed an individualistic syndrome of selfish striving at the expense of community. By understanding how these capitalist cultural forces psychologically shape us, maintaining oppressive societal hierarchies, we can reimagine economic systems that truly uplift the human spirit across all peoples and the planet we share. Unveiling capitalism's influence is crucial to recover from its alienating effects and envision liberating alternatives.

Analysis of Spatial Effects of New Energy Vehicles Based on Semi-parametric Spatial Durbin Model

The global scientific and technological revolution and industrial change are developing rapidly, the integration of automotive technology with energy, transportation and information and communication fields is accelerating, and electrification, internet connectivity and intelligence have become the main trends. Therefore, studying the impact of digital development on the growth of new energy vehicle industry and consumer purchase intention is of great theoretical and practical significance for the digital transformation of automobile companies. In this paper, based on the provincial panel data of new energy vehicles in China from 2016 to 2023, we constructed the index system of digital economy and economic development, used the entropy method to calculate the level of development, and conducted spatial autocorrelation tests using global and local Moran indices. Considering the non-linear relationship between variables, a semi-parametric spatial Durbin model is established using local polynomial estimation to explore the impact of digital economy on new energy automobile industry. The results of the study show that the development of digital economy promotes the development of new energy automobile industry to a certain extent, but its development level may have a negative impact if it is too low or too high.

How Digital Innovation Ecosystems Facilitate Low-Carbon Transformation of the Economy Based on a Dynamic Qualitative Comparative Analysis

The digital innovation ecosystem is an important driving force for building a modern economic development system. It is of great significance to explore the multiple configuration paths of digital innovation ecosystems affecting the development of the low-carbon transformation of the economy to facilitate the green and sustainable development of the economy. We have found through our research that the types of configuration that lead to the development of a high-level low-carbon economy are ‘subjects-resource-environment linkage’ and ‘subjects-environment driven’. The former is the key configuration path that leads to the development of a high-level low-carbon economy. In both models, a high-level digital environment is the core condition that facilitates the development of a high-level low-carbon economic transformation. Moreover, in the spatial dimension, there is a significant difference in the types of configuration that achieve low-carbon economic transformation in the eastern, central, and western regions of China. The findings of this study reveal how the three major subsystems of the digital innovation ecosystem synergistically affect the low-carbon transformation of the economy. It not only helps to improve the relevant theories, but also brings certain references for improving the ‘synergy’ between low-carbon development and economic growth.

Protocols for postcapitalist finance: A reply

Abstract Protocols for Postcapitalist Expression is a book published by members of the Economic Space Agency. Its objective is to frame protocols (social agreements) on which to build the conditions for an economic system that is distributed (no centralised control) and can express network views about what constitutes, and how to measure, ‘value’ (value beyond profit). An insightful review by William Morgan (2024) probes some key dimensions of our project. This reply both reframes some of William’s insights and takes issue with others, especially those which emphasise a Hayekian interpretation.

Economic Decentralization and High-Quality Urban Development: Perspective from Local Effect and Spatial Spillover in 276 Prefecture-Level Cities in China

The advancement of high-quality urban development is of paramount importance for the enhancement of sustainable development and competitiveness at the city level. The economic decentralization system represents a pivotal institutional driving force in this regard. This paper examines the impact of decentralization on the high-quality development of Chinese cities. It constructs the high-quality urban development index (HUDI) through the entropy weight method and analyzes the mechanisms and spatial correlations between fiscal and financial decentralization on the high-quality development of cities through the establishment of panel and spatial regression models. The findings indicate that fiscal and financial decentralization exert a positive influence on urban high-quality development. However, the two forms of decentralization do not exhibit synergies but rather exert an inhibitory effect on one another. Furthermore, decentralization has a considerable positive spatial spillover effect on urban high-quality development. Heterogeneity analyses demonstrate that the impact of the economic decentralization system varies across different regions, reform periods, and cities with varying administrative levels. The robustness test of this paper provides further evidence of the reliability of the research findings. This paper offers theoretical support and policy recommendations for optimizing economic decentralization systems and promoting high-quality urban development.

Transparency of sustainability disclosure in agri-food value chain management: Mapping the scientific landscape

Sustainability transparency in agri-food value chains is crucial for fostering accountability, enhancing consumer trust, facilitating compliance with regulatory standards, and ultimately contributing to the resilience and sustainability of food systems in the face of social, environmental, and economic challenges. This paper aims to conduct bibliometric mapping and a systematic review of the scientific landscape concerning transparency of sustainability disclosure in agri-food value chains by identifying the key transparency dimensions and relevant research gaps. An analysis of 841 Scopus-indexed publications, utilizing Scopus tools, SciVal, VOS Viewer, and Biblioshiny software, yields insights into source and author mapping from 2000 to 2022. Bibliometric analysis underlines the increase in research interests in transparency of sustainability disclosure in agri-food value chains after Sustainable Development Goals adoption and the COVID-19 pandemic, following upwards trend, especially in the UK, India, and the USA. The most influential topic clusters are supply chain, environmentally preferable purchasing, and green practices, as well as Bitcoin, Ethereum, and Internet of Things with the strongest co-occurrences between transparency (as the most recent notion in scientific landscape) and sustainability, traceability, supply chains, food supply, and blockchain. Systematic review highlights the evidence that transparency as boundary-spanning phenomenon is explored within the mono-country and chain researches, case studies and interviews methodologies from triple bottom line dimension mainly, only introducing governance criteria. Research gaps were identified regarding the role of transparency in different economic system and chains; sustainability conceptual framework used; transparency dimensions incorporation; technology-driven progress and other chain characteristics (traceability, resilience) intersection. AcknowledgmentsInna Makarenko is gratefully acknowledging the support of MSCA4Ukraine project no. 1233713.

Measuring Total Factor Productivity in General Technical Progress Framework

The classical Solow's total factor productivity accounting assumes that technical progress is Hicks neutral, which is a special situation in the reality of world economy. This paper expands the setting of technical progress into general technical progress framework, which can cover Hicks neutral technical progress, Harrod neutral technical progress, Solow-neutral technical progress, and various factor-biased technical changes. According to the principle of statistical index number, this paper decomposes the output index into a total factor input index and a total factor productivity index, and adopts normalized CES production function with factor-augmenting technical progress to derive the calculation formulas of the total factor input index and the total factor productivity index, and constructs a new economic growth accounting system, and finds the counteraction and compensation mechanism for diminishing marginal returns. If the factor substitution elasticity is 1 or there is no technical progress bias and factor allocation bias, then the new accounting equation degenerates into the classic Solow growth accounting equation. The new accounting system can measure the influence of total factor input and total factor productivity to economic growth, but also can measure the influences of factor input intensity and factor allocation bias in the growth rate of total factor input, and the influences of technical progress intensity and technical progress bias in the growth rate of total factor productivity. Therefore it is more precise and accurate than classical method.

HoloLume: Point-of-Application Holographic Imaging Solution

Abstract Digital holographic imaging has emerged as a label-free, non-invasive, and powerful tool, offering a transformative method for the real-time investigation of morphology, density, and other physical and mechanical features of biological and non-biological samples. The rapid development of these portable, economical imaging systems for clinical/non-clinical setups, especially in remote areas, is of great interest. These systems are early point-of-care applications in diagnosis, research, education, and training. This article reports a general-purpose, fully automated portable imaging tool, "HoloLume," that offers high-resolution 3D imaging that facilitates the comprehensive understanding and analysis of different biological/non-biological samples. The proposed microscopic system HoloLume realizes the interferogram generation of samples using common-path optics configuration with Fresnel biprism, and its motorized stage precisely scans the whole sample with a step of 3.87 μm for quick identification of the region of interest, which makes sure a time-efficient and robust analysis. The prototype, assembled from off-the-shelf components, costs approximately USD 1700 and weighs around 3 kg. To validate and verify the performance of the HoloLume microscope, we have conducted experiments on both non-biological and biological samples. Thus, its non-invasive nature, high temporal stability, and economical lightweight prototyping make it an ideal choice for hands-on learning and quantitative analysis, reducing the need for time-consuming sample preparation and conventionally expensive microscopic systems. Furthermore, the adaptability of the proposed imaging tool to remote environments ensures wider accessibility and its easy integration with other imaging modalities enables the user to gain insight into advanced research and diagnostics.

THEORETICAL BASES OF INVESTMENT ACTIVITY OF TRANSPORT AND LOGISTICS ENTERPRISES

The article discusses the theoretical foundations of investment activity of transport and logistics enterprises, which are key participants in the world economy and play an important role in ensuring the efficiency of supply chains. Investments in this area make it possible to modernize infrastructure, introduce the latest technologies and increase productivity, which in turn affects the growth of markets and economic systems. The article focuses on different definitions of the term "investment" presented by such economists as I. Fisher and J. S. Fisher. M. Keynes, emphasizing the importance of strategic development of enterprises in the context of investment activity. The role of investment in ensuring the smooth functioning of supply chains, including infrastructure development, procurement of new transport, automation and digitalization of management processes, is also considered. The key directions of investment in transport and logistics enterprises are described, including the modernization of the transport fleet, the introduction of information technologies, infrastructure improvement and staff training. It is emphasized that the efficient operation of transport is an important factor for the formation of the country's gross domestic product, the development of international relations and the creation of a favorable economic climate. The article also discusses the problems associated with investment activity in Ukraine in the context of hostilities, as well as the need to develop an effective investment policy that will help attract investment and introduce innovations. Statistical data on the structure of capital investments in the transport sector are provided, which indicates the priority directions of investment activity. Finally, the article emphasizes the importance of introducing innovations and modern information technologies to optimize costs, increase efficiency and competitiveness of transport and logistics enterprises. The authors emphasize the need to create new mechanisms for investment and innovative development that will allow the transport sector to adapt to the challenges of our time and achieve strategic goals in the face of competitive competition.

Tertiary education as social policy: Comparative theoretical perspectives

Abstract In this paper, we conduct an in-depth review of and commentary on two frameworks for international comparative work focused on education systems and skill formation – specifically, welfare regime and production regime approaches. We focus on how tertiary education is understood to function relationally within a national policy repertoire and explore the interplay between education and economic systems. Whereas the welfare regime literature illuminates why some regimes are conducive to human capital production and create more equitable educational and labour market opportunities, the production regime literature focuses on the ways that actors such as government, educational institutions, and unions optimise skill formation. These two theoretical perspectives offer both rival and complementary explanations of varying patterns in public investment, differentiation in education systems, and participation rates in tertiary education across countries. Our analytical account provides useful insights for understanding different national education policies and framing future research, including informing these perspectives with the more recent theoretical contributions of the social investment approach. In relation to changing conceptions of the knowledge economy, education, skill development, and the nature of employment, these two theoretical perspectives continue to provide useful conceptual lenses to examine the education/skill /employment nexus.

CHINA, THE ILLIBERAL COUNTER-ORDER, AND THE ROLE OF VALUES IN THE STRATEGIC RESPONSE

This study examines how the People’s Republic of China’s advance of its economic and other objectives both supports, and benefits from the challenges by illiberal states to the rules-based international order. It argues that one of the most important dynamics of the current international system is how, in the context of interdependence and interaction accelerated by new technologies, the feedback loop between those activities of the PRC, and its international partners, are simultaneously enriching and empowering the PRC, and expanding the space in which such illiberal actors can operate, while also weakening the institutions and rule of law which have created the basis for interdependence, security, and prosperity since the end of the Second World War. This work recognizes the variety of goals of illiberal actors with which the PRC engages for its own benefit, distinguishing the dynamic from the structure of competing “blocks” that characterized the Cold War. This work further looks at the interaction between political and economic systems under stress new technologies, and the role of the state in this transformational period, It argues that the new dynamic is reopening fundamental questions about the relationship between the state, individual, and society, and associated questions about economic and political organization itself is in question. In addressing these challenges, this work concludes that transactional “competition” between Western democracies and their opponents for the loyalties of the rest is not enough. It argues that that Western democracies must both hedge against the coming destabilization of the international system, while leading by example and advancing more compelling arguments in the new context for why societal interests are best served by the protection of individual rights and individual choice as the foundation of government legitimacy, as well as for individual ownership and initiative, rather than government as the principal generator of economic value and technological progress in society.

PROVISION OF BANKING SERVICES IN THE CONTEXT OF THE SUSTAINABILITY OF THE BANKING SYSTEM: CURRENT TRENDS AND DEVELOPMENT DIRECTIONS

The article examines banking services in the context of the stability of the banking system: current trends and directions of development. The current stage of development of the global banking system operates under conditions of intensified competition and crisis phenomena in financial markets. One of the main factors in the successful development of the domestic banking system is the policy of constant innovations.Currently, innovation is a key factor in the stability, competitiveness and sustainable economic growth of domestic banks. The sustainable development of the national economy is accompanied by an increase in the volume of financial transactions and an increase in the importance of the domestic banking sector. The banking system, being one of the most important links of the market economy, affects the life of society in many ways. It not only provides a mechanism for interregional redistribution of monetary capital, but is also a key element of the settlement and payment mechanisms of the country's economic system. This fact determines the importance of the banking sector in the socio-economic development of the state.The current realities of the banking business contribute to the identification of the main catalysts of domestic banking innovation activity: globalization of world financial markets and markets of banking services; growing competition from the banking and non-banking sectors; the world financial crisis. The above-mentioned factors significantly affect the qualitative and quantitative composition of banking institutions and their services and lead to key changes in consumer behavior, thus leaving banks with the only opportunity to preserve and increase their competitive advantages through the introduction of innovations, the direction of which determines the strategy for the development of the banking sector on medium-term perspective. Based on the results of the research, it was established that the problems accumulated in the national banking system can be solved by applying the experience of Great Britain, and the main postulates should be adapted to the national banking system, which will contribute to the development of the domestic market of banking services and increase the stability of the national banking system.

SMART-STRATEGIES AND INVESTMENT ATTRACTIVENESS OF THE EU REGIONS

The purpose of the article is to generalize the foundations of formation of smart-strategy of country / region development as a factor of impact on the level of investment attractiveness. The development of globalization processes has led to positive consequences, resulting in the growth of the world’s economy. At the same time, the competition in the sphere of attracting investment resources has aggravated. Based on the analysis of indicators of investment activity of European countries and the investment attractiveness of the EU countries, it was found that the specified area is characterized by the presence of negative trends, which actualizes the need to develop tools for increasing the level of investment attractiveness. The system of factors of impact on the level of investment attractiveness of the country / region was studied. It was found that in current conditions, in addition to the traditional factors of influence on investment attractiveness, intellectual potential, flexibility, education and innovation, networking, etc. are added, which serves as the basis for the implementation of smart approaches in the formation of regional development strategies. The article defines the features of the formation of a smart approach to development strategies, which is based on the combination of technological and industrial components. It was found that the basis of smart-strategies is the specialization of the country / region, which is formed considering the resource provision and development potential of the region, the ability to diversify, the ability to achieve a high level of concentration of business entities in the region, the place of the region in the economic system. Building a regional policy based on smart-strategies will stimulate economic development, increase competitiveness and investment attractiveness of countries / regions. On the basis of the conducted research, a number of challenges related to the implementation of the smart approach were identified, namely, a high level of subjectivism and the need to ensure a high level of qualification of the participants in the discussions when implementing the mechanism of inclusive management; the growth of internal competition in the case of the formation of homogeneous specialization of several EU countries / regions; taking into account external risks, one of which is a full-scale Russian-Ukrainian war; implementation of adaptive approaches in the process of formation and implementation of smart-strategies. Addressing these challenges will contribute to increasing the efficiency of smart-strategy formation for a high level of investment attractiveness of the EU regions.

THE ROLE AND SIGNIFICANCE OF INTERNATIONAL TRANSFER OF TECHNOLOGY IN THE CONDITIONS OF DEVELOPING THE NATIONAL ECONOMY OF THE COUNTRY

The purpose of the article is to study the theoretical and practical aspects of the development of international technology transfer. It has been established that today the latest technologies and innovations affect all spheres of the national economy. Participation in the international transfer of technologies becomes a necessary and imperative condition for the existence of any production, not only at the state level, but also at the global level. That is why state support for innovative activities, namely the promotion of research and development, affects the socio-economic development of modern society. The functioning and development of the world economic system takes place under the influence of the processes of integration and globalization, which leads to the acceleration of the movement of capital, financial and labor resources, goods and the growth of the intensity of information exchange. Due to the accumulation of scientific and technical potential in a number of economically developed countries, it is knowledge, intelligence and innovation that become the main driving force behind the success of individual companies in these countries in the global economy. Today, modern companies enter into a competitive struggle not so much for the level of development of the production structure and its volumes, as for the level of available innovations on the global technology market. Today, domestic science is on the brink of disaster, this state is explained by the economic crisis that occurred against the background of the military aggression of our northeastern "neighbor". In Ukraine until 2022, there were negative processes associated with the development of scientific and technological developments, as evidenced by numerous studies of the dynamics of the share of R&D expenditures in GDP, it is obvious that in today's conditions this is an unacceptable trend and the state should make maximum efforts for practical and rapid accumulation of such a sector of the national economy as science. It has been proven that Ukraine should focus on the specifics of the development of international legal regulation and guarantees in the field of technology transfer, from the point of view of international obligations. Since even those norms of international regulations implemented in domestic legislation do not provide full guarantees for the formation and development of a transparent and fair international technology transfer.