THE SYSTEM OF GLOBAL INDICATORS OF SCIENCE AND TECHNOLOGY AND THE TRENDS OF DECLINING EFFECTIVENESS OF APPLIED RESEARCH IN THE REPUBLIC OF ARMENIA

Abstract

On the global market, the development growth rates of various countries differ strongly from one another. This results in a modification of their function and significance in terms of regional development. The foundation is the rate at which intellectual capital is developing and materializing as it is realized in the field of research and development. The objective of this study is to investigate the problems related to the structure and content of intellectual capital in Armenia, with the aim of forming the best balance of policy and practical measures implemented in the mentioned field, which will provide an effective development environment for the implementation of research and design works and their results. A detailed explanation of the essential actions necessary to accomplish the stated objective is provided. A substantive description of the priority steps aimed at achieving the stated goal is presented.