Innovative Development of Russian Economy: Independent Way or Cooperation

Author:

Balashova Maria1,Popova Yulia1

Affiliation:

1. Baikal State University

Abstract

The modern stage of the world economy is believed to be characterized as a period of the post-industrial development which motive power is science. The biggest success in current terms is reached by the economic subjects which are able either to generate new knowledge and to offer them on the market by using a monopoly rent, or those ones, by having an access to the effectively functioning industrial facility and possessing sufficient amounts of capital, that are able to buy someone elses innovations and integrate them efficiently into their own production processes. The Russian Federation, despite the efforts of the government, first and foremost, in the legislation area fields, does not occupy, unfortunately, its rightful place among the countries with their powerful fundamental and applied science, and also it is not rated among the countries that are at the stage of science-intensive, high-tech industrialization. In view of the available potential, the external conditions of development and the national idea, it is reasonable to consider for the Russian Federation the option of innovative partnership with high-tech or industrially developed countries.

Publisher

Baikal State University

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