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Peculiarities of Innovative and Investment Policy of Russia and its Regions in the Conditions of Crisis Development

Abstract

The article presents the results of comparative analysis of conceptual approaches to understanding the nature and objectives of the national and regional innovation systems in which the prospects for socio-economic development of the country based on innovation and investment decisions are examined. The triumvirate of factors affecting the state of innovation area of Russia is allocated – a series of financial and economic crises, turbulence of the economic environment, geopolitical instability with the consequences of anti-Russian sanctions – and their impact on the economy is interpreted. It is stressed that the speed and scale of the economic transformations indicate the need to adapt the model of innovative development of Russia to the requirements of a sovereign development of the country and its transition to a new technological order. A description of the problems of investment of innovative processes is provided, and new approaches to their solution are opened up, including the implementation of new investment instruments. The necessity, possibility and urgency of an innovative breakthrough of the country is substantiated in compliance with a set of conditions, with the priority given to the formation of a system of strategic management of development of innovative economy that contributes to the identification and implementation of promising directions of economic development.

MARINA ALEKSEEVNA IZMAILOVA, PETR IOSIFOVICH BURAK, IRINA ANDREEVNA ROZHDESTVENSKAYA, VICTOR GRIGORIEVICH ROSTANETS, TATIANA IVANOVNA ZVORYKINA

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