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The Consequences of the Diversity of Innovation Development in Industry

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  • Olga Ivanivna Maslak

    (Mykhailo Ostrogradsky Kremenchuk State University)

Abstract

It is well known that when high economic growth rates are not supported by the diversity of the economy and the faster development of human capital, then the economic growth efficiency will be understated [1].Unfortunately, lately and nowadays only one direction of innovation activity prevails in Ukraine. This is the adoption of new technological means with the purpose to increase the range of goods. But the creation of new technologies within the enterprise is considered to be of secondary importance. This results in negative consequences, namely in a decrease in long-range innovation development, loss of quality and level of novelty, also a redistribution of proportions of the present scientific and technological potential in industry and an insufficient level of innovation in economic entities. This is significant when buying scientific and technical achievements, as Ukrainian commodity producers prefer licenses to use the objects of industrial property that are native elaborations on known technologies, which is explained by their lower price.Thus, evidently the process of the diversification of industrial innovation development can be positive in direction but may vary according to the results of the influence of economy, nature and population.

Suggested Citation

  • Olga Ivanivna Maslak, 2010. "The Consequences of the Diversity of Innovation Development in Industry," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 6(02), pages 57-61.
    • Handle: RePEc:mic:tmpjrn:v:6:y:2010:i:02:p:57-61
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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2010/02/TMP_2010_02_08.pdf
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    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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