Research Information System
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.1262-1270
In this article the author considers reasons of the current trends in world development, the large-scale transformation of society based on the influence of scientific, technological and social growth, as well as their speed and interaction, which covers almost all spheres of human activity. Key factors and sources of economic growth change accordingly. Scientific knowledge and intellectual capital, which are the main sources of creating competitive advantages and sustainable development of socio-economic system are considered the most important. From the beginning of independence of the Republic of Azerbaijan to the present, the course of improving science and technology policy of state is consistently implemented aiming at further support for the stimulation of scientific and technological development and innovation activities of the republic. As a result of the policy implemented, a viable science and technology environment has been developed that generates new knowledge priority scientific and technical areas have been identified In terms of the transformation of the market economy, it successfully solves the issues of macroeconomic stability, which is one of the most important factors of the transition from the export-raw model of economic development to an innovative economy, the key resource of which is human capital. In conclusion should be notes that it is necessary to create a unified national system of scientific and technical knowledge, which should ensure the development and effective use of national resources of scientific and technical information, their integration into the global information space and promote the creation of a market for information products and services. After applying this model of innovative research will develop infrastructure and mechanisms of scientific and technical knowledge. It will fund mainly by private sector and should create for introducing new technologies, production of innovative products, as well as strengthening the scientific potential of the country and improving human resources in the future.