Kuznetsova E.I., Kuznetsova M.V. The Institutional Basis of the Strategy of Innovation Development of the Russian Federation realization

Abstract: The formation of innovative strategy may be represented as a process of relating goals and means of long-term economic development of the country through time and territory. The institutions and instruments of ensuring the implementation of the innovation strategy of Russia are the subject of the research. The object of research is the institutional framework of the strategy of innovative development of Russia. The author examines the problems of implementation of the innovation policy in Russia, which include the mismatch between development rate and the structure of the Russian research sector and needs to achieve the targets, due to the low susceptibility to innovation in Russian business sector. The methodology of the feasibility of the strategy of innovative development of Russia study includes an assessment of compliance with the conditions and objectives of the means to achieve them and identify institutions that will further become the «locomotive» of innovative development. The main conclusions of the study should include the rationale for the implementation of the institutional foundations of the innovation strategy of Russia, which will provide the innovation imperative strategic development of Russia, determine the structure of the economy based mainly on the generation dissemination and use of knowledge, and which will also serve as the basis for improving the welfare of the population through sustainable economic growth and increase competitiveness.

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