İnnovasiya Aktivliyinin Artırılması və İqtisadiyyatın Davamlı İnkişaf İstiqamətində Transformasiyası

Innovation has consistently served as a fundamental driver of economic growth. However, against the backdrop of increasing pressure on natural resources, understanding the interrelationship between innovation, resources, and economic development has acquired heightened significance. Technology has also played a crucial role in ensuring sustainability. Through the implementation of appropriate strategies and investment in innovative technologies, enterprises and governments can promote sustainable economic progress while minimizing environmental impacts. This research examines the relationship between resource consumption, technological innovations, sustainable development, and economic progress, as well as how this relationship transforms during the transition process from traditionally resource-scarce regions to resource-abundant regions. 355 In the contemporary world, where globalization and technological innovations continuously redefine economic and social processes, innovation activity has emerged as the primary driving force for ensuring a nation's sustainable development and competitiveness in the global arena. Azerbaijan, possessing significant scientific and technical potential, faces the imperative of intensifying its efforts to enhance innovation activity and transform its economy toward an innovationdriven development trajectory. This transition necessitates a substantial reconceptualization and modernization of existing approaches to innovation, including the creation of conditions for developing a domestic innovation system, improving educational quality, stimulating demand for innovative products and technologies, as well as developing the necessary infrastructure and systems for collecting and analyzing statistical data. Keywords: innovation economy, sustainable development, innovation activity, competitiveness.