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International experience of convergence processes towards the creation of joint ventures based on innovation

Author

Listed:
  • Olena Borzenko

    (SI «Institute for Economics and Forecasting of NAS of Ukraine»)

  • Olena Boiko

    (SU organization «Institute of Economics and prediction of NAS of Ukraine»)

Abstract

The issues of convergence, which are considered as the convergence of the corresponding parameters of the development of regions and countries of the world, have been studied by economists for a long time. The issue acquired particular importance in the period of globalization. This is a priority in ensuring the security of the state, the formation of a national innovation system, the creation and operation of joint ventures, the development of industries based on innovations. When carrying out the research, the main problem that is relevant in the period of globalization was identified - convergence processes towards the creation of joint ventures on an innovative basis. The peculiarities of convergence processes in the direction of the functioning of joint ventures on the basis of innovations, including through the development of scientific and industrial parks, clusters, were highlighted in their scientific works by outstanding specialists. The problems of the functioning of joint ventures on an innovative basis, including through the creation of organizational forms of innovation, which are actively studied by scientists, have been identified. However, it requires more detailed further study, in particular in the development of proposals for improving legislative and other regulatory legal acts on the activities of joint ventures, scientific, industrial and technological parks, clusters. They can be mechanisms for the innovative development of industry. The statement of tasks consists in defining the basic principles of convergence processes in the direction of creating joint ventures on an innovative basis, as well as developing proposals for improving legislative and other regulatory legal acts on the development of special forms of organizing innovative activities. The purpose of the study is to determine the features of convergence, taking into account the specifics of international experience in the functioning of joint ventures and special forms of organizing innovation. The main methods that were used in the research process are analysis, statistical, comparison, and legal regulation. The review of international experience of the features of the development of convergence processes in the countries of the European Union is carried out. In particular, this applies to the group of countries of «innovation leaders», which include Sweden, Denmark, Finland and the Netherlands. The positive aspects of innovative development and the factors hindering development are identified. Consideration of joint ventures on the territory of Ukraine and China in the context of convergence is a significant achievement. Considerable attention is also paid to the development of special forms of organizing innovative activities. Ways of cooperation between Ukraine and China are proposed. Proposals have been developed that will help improve cooperation in industrial, scientific and educational spheres in the direction of the development of Ukrainian-Chinese cooperation. The field of application of the research results is socio-economic development.

Suggested Citation

  • Olena Borzenko & Olena Boiko, 2020. "International experience of convergence processes towards the creation of joint ventures based on innovation," University Economic Bulletin, Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education, issue 46, pages 49-64, September.
  • Handle: RePEc:aff:colart:y:2020:i:46:p:49-64
    DOI: https://doi.org/10.31470/2306-546X-2020-46-49-64
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