THE GLOBALIZATION AND INNOVATIVE DEVELOPMENT OF COUNTRIES AT UNSTABLE ECONOMIC ENVIRONMENT
THE GLOBALIZATION AND INNOVATIVE DEVELOPMENT OF COUNTRIES AT UNSTABLE ECONOMIC ENVIRONMENT

Summary/Abstract: The paper is devoted to the analysis of the nature of globalization in the context of the innovative development process. Modern globalization is explained through qualitative changes inthe internationalization processes under the influence of innovative and technologic factors. The dynamics of KOF Index of Globalization in 1990-2008 is analyzed. The stable long-term trend of the Globalization Index growth is revealed for all countries. The correlation between the KOF Index of Globalization and the Global Innovation Index developed by INSEAD for factor- driven, efficiency - driven and innovation- driven economies demonstrates the high interdependence for innovation - driven economies, and substantially diminishes for the factor-driven economies. The transition to “innovation and globalization” model of development is an important attribute of a new stage of evolutional process. The conceptual basis of such a model is created by a systemic synergetic interaction of globalization and innovation development.

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