Research and innovation field as an area for creating an innovation infrastructure for the development of today’s society

Authors

  • Borys Pohrishchuk
  • Heorhii Khvichiia-Duve

DOI:

https://doi.org/10.35774/visnyk2018.03.035

Keywords:

research and innovation field, innovation infrastructure, today’s society.

Abstract

The paper examines social and economic aspects of the research and innovation field within which an infrastructure for the development of today’s society is being created. An idea of creating an innovation infrastructure based on innovation and modernization of the social and economic system is developed. It is demonstrated that creating an innovation infrastructure for further growth by applying the  modernization  theory  is  associated  with updating the existing business patterns and introducing new ones into technical    and technological, economic and social, spiritual and cultural areas of society. This necessitates the development and implementation of an economic model of investment for modernization; attraction and expansion of investment through providing intermediary services by infrastructure institutions. It is emphasized that the growth in the research and innovation field contributes to the national capacity-building that ensures the development and implementation of domestic innovative products and supports the national identity.    It is pointed out that for creating an innovation infrastructure for the development of today’s society the following measures should be taken: addressing social and economic challenges of the state and raising living standards; funding and improving research studies; establishing a market infrastructure; developing integration links between educational, research and manufacturing organizations; providing community-based and institutional support for research and innovation field; increasing the investment attractiveness of the country on the world stage.

Author Biographies

  • Borys Pohrishchuk
    Ternopil National Economic University
  • Heorhii Khvichiia-Duve
    Ternopil National Economic University

References

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Published

2019-07-08

Issue

Section

NATIONAL AND REGIONAL ECONOMY

How to Cite

Pohrishchuk, Borys, and Heorhii Khvichiia-Duve. “Research and Innovation Field As an Area for Creating an Innovation Infrastructure for the Development of today’s Society”. Herald of Economics, no. 3(89), July 2019, pp. 35-45, https://doi.org/10.35774/visnyk2018.03.035.

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