Development of the theory of innovations in the context of the new industrial revolution

Keywords: innovation, innovation development, global challenges, national competitiveness, innovative potential, industrial revolution

Abstract

The relevance of the study is due to the fact that increase of proportion of high technology production in the aggregate product of the world economy, as a consequence of the new industrial evolution mid XX-early XXI century, defines a completely new, in terms of world experience, range of system views on the global economic system. The subject of research of the article is a process of developing of the theory of innovation system, an analysis of impact of the theory of long wave cycles on the innovative development of society. The goal of the article is to analyze the development of the theory of global and national innovative high-tech systems in time, considering the hypothesis of the existence of a rigid connection between long waves and the periods of basic innovation occurrence at various phases of the waves, in order to recognize the possible options for the development of events and to model the appropriate reaction to ensure the uninterrupted functioning of the national innovation system in the context of the new industrial revolution. The objective is to research the patterns of the life cycle of innovations and their diffusion to identify the advantages and disadvantages of a transfer of high technology products for the national innovation system and also to identify the development trends and new factors, which define the essence of modern efficient high-tech system in terms of the new industrial revolution. General scientific methods are used, such as system analysis - to determine the patterns of the life cycle of innovations and their diffusion to identify the advantages and disadvantages of a transfer of high technology products for the national innovation system, factor analysis – toformalizethecause-and-effectrelationshipsoftheinvestigatedfactorsof the development of modern effective high-tech system. The following results were obtained: on the basis of the analysis of the impact of the long waves theory on the innovative development of society is proved the necessity of the fastest access of domestic enterprises to world network markets not only to develop the sales network, but also to search for innovative solutions and creative interactions. These practices are suitable for most countries, which have adopted the experience of world's innovative leaders and now are competitive players of the world market of high technologies. Conclusions: the urgency to create a strong national innovation system in Ukraine, considering the specificity of those elements that are now the basis of functioning of innovative systems.

Downloads

Download data is not yet available.

References

Breznitz D. (2007). Innovation and the State : Political Choice and Strategies for Growth in Israel, Taiwan, and Ireland. New Haven and London, Yale University Press.

Dovgal О., Dovgal G. (2017). Hlobalnyi innovatsiinyi prostir: peredumovy, spetsyfika ta instrumenty formuvannia [Global Innovation Space: Prerequisites, Specifics and Tools of Formation], Problems of Economy. 1, 15-20. URL: https://www.problecon.com/export_pdf/problems-of-economy-2017-1_0-pages-15_20.pdf (in Ukrainian)

Freeman C. (1987). Technical Innovation, Diffusion and Long Cycles of Economic Development The Long-Wave Debate. Berlin.

Freeman C., Clark J., Soete L. (1982). Unemployment and Technical Innovation. Study of Long Waves and Economic Development. London : Frances Pinter.

Kao J. (2007). Innovation Nation: How America is Losing Its Innovation Edge, Why It Matters, And What We Can Do To Get It Back. N.Y., Free Press.

Kastels M. (2000). Informatsionnaya epoha: ekonomika, obschestvo i kultura [Information age: economy, society and culture] / per. s angl. pod nauch. red. O.I. Shkaratana. Moskva : GU VShE (in Russian).

Kleinkneht A. (1987). Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered. London : Macmillan.

Mensh G. (1971). O dinamike tehnicheskogo progressa [On the dynamics of technical progress]. Zhurnal ekonomiki predpriyatiya, 41, 295–314. (in Russian)

Mensh G. (1972). Bazisnyie innovatsii i innovatsii sovershenstvovaniya [Basic innovations and innovations of improvement]. Zhurnal ekonomiki predpriyatiya, 42, 291–297. (in Russian)

Mensh G. (1979). Stalemate in Technology: Innovation Overcome the Depression. Cambridge : Mass.

Santa Fe Institute. URL: http://www.santafe.edu.

Schumpeter J. (1939). Bussiness Cycle. A Theoretical, Historical and Statistical Analysis of Capitalist Process. New York : MacGraw-Hill.

Van Duijn J.J. (1983).The Long Wave in Economic Life. London.

Published
2020-06-30
Cited
How to Cite
Dovgal, E., & Makhova, L. (2020). Development of the theory of innovations in the context of the new industrial revolution. The Journal of V. N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, (11), 62-68. https://doi.org/10.26565/2310-9513-2020-11-07