Global economic interaction as a factor of innovative progress in countries with a transformational model of growth

Abstract

International economic relations play an important role in the development of innovation in developing countries, including opportunities to attract highly qualified specialists, export innovative technologies for production purposes, and exchange of experience and knowledge with other countries. Foreign trade in high-tech products, participation of developing countries in transnational value chains, and international scientific and technical cooperation ensure the transfer of knowledge and know-how as the basis for the development of intellectual capital and business. In turn, intellectual business as a form of economic activity focused on the creation of intangible assets (research, innovation, technology) is a critical growth factor for developing countries. The establishment of the relevant business activity largely depends on external channels of cooperation: access to global and regional markets; the state of technology transfer in the country; participation in international research programs; foreign investment in innovative sectors of the economy. The development of international economic relations makes it possible to assess the level of integration of countries into international innovation activities, the level of innovative interaction between countries and technology transfer. The aim of the article is to identify the relationship between the state of international economic relations (IER) and innovation activity in developing countries.