Innovation and Competitiveness in Today’s Technological and Social Transformations

Abstract

The rapid political and economic changes of recent years and the fourth industrial revolution have opened up new opportunities that are changing the face of the modern economy. At the same time, new risks and threats to the sustainability of development have arisen. In this context, the role of technology and innovation, seen as a factor in the competitiveness of the national economy, requires rethinking. The paper analyses empirical data on the impact of innovation on competitiveness, which led to the conclusion that the influence of this factor has increased, including in the context of the growth of protectionism, the need to move to a model of sustainable development, which requires increased state support for innovation and innovative ecosystems.

Keywords

• innovation
• national competitiveness
• economic development
• sustainable development goals
• global innovation index