INNOVATIVE PROCESSES AS A FACTOR OF ECONOMIC DEVELOPMENT


Khanlarzadeh S. M.

37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.444-450 identifier

  • Publication Type: Conference Paper / Full Text
  • City: Baku
  • Country: Azerbaijan
  • Page Numbers: pp.444-450
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

The article substantiates that there is a deep relationship between economic development and the innovation sphere. An important distinctive feature of modern economic development is the increasing influence of science on production, along with the growth of the reverse influence of the economic environment on scientific and technical activity. It has to be noted that the deep source of the fundamental socio-economic and technical transformation of society in the modern era is the intensive development of innovative processes.