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The innovative potential of structural change in Ukraine

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  • V. Khaustov

Abstract

The article provides a comprehensive assessment of the efficiency of Ukraine's innovation policy with the use of indicators from the Global Innovation Index. The author points out a high development potential of the sphere of intellectual property, which should become the core of innovation policy and structural modernization of the national economy. Thus, quite high are Ukraine's positions in the group of indicators "Human capital and research" (44th position among 142 countries in 2013), "Knowledge and technology outputs" (45th position), which, in most of their components, are related to the sphere of intellectual property. The problems of innovative development are graphically demonstrated by the low Ukraine's positions in the groups "Institutions" (105th position), "Infrastructure" (91st position), "Market sophistication" (82nd position), and "Business sophistication" (79th position). It is emphasized that structural reform of the economy and increase in its competitiveness are impossible without a proper development of the national sphere of the protection of industrial property, which is now characterized by low development of the market infrastructure and institutions and low level of the protection of property rights. The author defines the peculiar features of the organization model for the inclusion of the national systems of the protection of intellectual property in the national priorities of innovative development for different groups of countries depending on their development level. The article shows that the national system of the protection of intellectual property is developing by itself, without being included in the innovative life cycle. In is pointed out that the period of replacement technological waves creates, for Ukraine, unique possibilities for modernization based on the intellectualization of the economy. Outstripping assimilation and creation of the core of the new technological wave (bio- and laser technologies, nanomaterials, transformation of the health care, telecommunications, agriculture, aircraft manufacturing, ship-building, instrument-making and a series of other branches) may give impetus to the structural reconstruction of the economy and ensure its sustainability provided that a proper reform is conducted in the system of the protection of intellectual property as a component of the innovation policy.

Suggested Citation

  • V. Khaustov, 2014. "The innovative potential of structural change in Ukraine," Economy and Forecasting, Valeriy Heyets, issue 2, pages 85-93.
  • Handle: RePEc:eip:journl:y:2014:i:2:p:85-93
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