Innovative Economy in Post-Crisis Age

Abstract

The global economic crisis has shifted main attention to the role of innovative technologies in the forming of the innovation economy. Russian economy has been severely impacted by the crisis downslide. This was predetermined by the export-orientated nature of Russian economy. Manufacturing sector is poorly developed which contributes to Russia’s falling behind from developed economies. So now the only way to eliminate the gap is to introduce innovation into production and manufacturing and save them from shutdowns and downslides. So aim of the paper is to find a mechanism for Russia to shift to innovative economy.