The Dynamic Analysis of the Economic and Innovation Development in the World’s Countries

Abstract

The article is concerned with the development of scientific provisions on the components of economic and innovation development of the world’s countries. The study was conducted using the methodology of the non-profit organization «World data center for Geoinformatics and Sustainable Development», according to which the sustainable development of a country is determined by the calculation of an additive indicator comprising a set of single indicators, in particular the macroeconomic infrastructure index and the innovation activity index. An analysis of dynamics of these indices for a selection of the world’s countries (Sweden, Norway, Denmark, Great Britain, Germany, France, South Korea, China, Japan, Bulgaria, Poland and Ukraine) was carried out. The dynamics of the baseline indicators for the period of 2005-2015, which are used to determine the level of innovation and economic infrastructure, as well as the level of expenditure on development of education, has been worked out in detail. The conducted study helped to identify the economic and innovative development of the Scandinavian, European, Asian and post-socialist countries, determine leaders by the components of such development and the preconditions for building their economic and innovation potential.

Keywords

• innovation activity
• innovation development
• economic infrastructure
• sustainable development
• expenditure on development of education