Problems of Formation and Evolution of The Terminological Base of Innovation Activity | American Journal of Applied Science and Technology

Authors

Khamdamova Gavhar Absamatovna

Doctor of Economics, Professor, Tashkent State University of Economics, Uzbekistan

https://orcid.org/0000-0002-0690-6845

DOI:

https://doi.org/10.37547/ajast/Volume05Issue04-14

Keywords:

Innovation innovative development innovative sustainability the evolutionary aspect of innovation theory.

Abstract

The article examines the essence of the concept of “innovation” and highlights the methodological aspects of innovation process management. In the near future, the competitiveness of any country's economy will be determined by the degree of participation of both the public and private sectors in the formation and development of the national innovation system. The key factor will be the selection of priority industries capable of ensuring sustainable growth of the global economy and acting as an engine for increasing productivity in various fields of activity. At the same time, it is important that government policy takes into account the interests of all sectors of the economy. Unilateral focus on the areas included in the structure of the sixth technological order will not lead to the desired results without the parallel spread of innovative approaches to other spheres of society.

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