Aliyeva, B. S.

Repository of Belarusian National Technical University (BNTU)

21 МОЛОДЕЖНАЯ СЕКЦИЯ  UDK 330.33.81 PROBLEMS OF MODERNIZATION OF THE ECONOMY  ON THE BASIS OF TECHNOLOGICAL INNOVATION  Aliyeva B. S., student Tashkent Financial Institute Tashkent, Republic of Uzbekistan  Technological innovations include the development and implementa-tion of technologically new products, processes, services, or significant technological changes in existing products, processes, services. It is en-visaged that the implemented products, processes and services will lead to a significant increase in efficiency, labor productivity, profit growth, reduction of costs for production of goods and services. Technological innovations include products, services, methods creat-ed or improved as a result of innovative activities. Technological innova-tions purchased and implemented and developed by them are equally important for the enterprise and organization. Modernization of the economy on the basis of innovations can be un-derstood as the process of bringing the economy to a new level through the implementation of structural changes that increase the share of high-tech, high-capacity, low-energy products and services. The end result of modernization of the economy on the basis of innovations is the for-mation of an innovation economy. A number of conditions must be met to ensure that technological in-novation has a significant impact on the modernization of the economy, in particular: – effective cooperation between science, business and government for the implementation of technological innovations;  – the necessary institutional framework for the implementation of technological innovations, organizational structures, the necessary infra-structure for their development;  – the need for solvency to implement innovations. In addition, the tools and mechanisms for the implementation of technological innovations need to be constantly improved, because in some cases, these tools are not suffi-22 ciently adapted to the current situation, do not meet modern requirements, which hinders the timely and effective implementation of innovations. The task of ensuring the effectiveness of modernization of the indus-try on the basis of innovations requires the formation of an appropriate mechanism. This mechanism should clearly define the directions of modernization of the economy and the functions of all institutions in-volved in this process. In this regard, the following mechanism is note-worthy, including the role of the state in the organization of economic processes, the conditions for increasing the innovation and technological level of the economy, approaches to financing the modernization and market mechanisms for modernization of the economy.  Of course, this mechanism can not be considered an excellent tool for innovative development, in particular, for the effective use of this mech-anism, the regulatory framework for innovative development must be sufficiently formed. In addition, a set of measures aimed at increasing the innovation and technological level of the economy should include measures to reduce economic risks in the implementation of innovations, the acquisition and dissemination of information on technological inno-vations, and so on. References 1. Jigaylo, V. V. Theoretical and methodological issues of manage-ment of innovation and modernization of promыshlennosti / V. V. Jigay-lo // Abstract of the dissertation on the study of the degree. – St. Peters-burg, 2012. 2. Batukova, L. R. Upravlenie innovatsionnoy modernizatsiey ekonomiki regionov Sibiri / L. R. Batukova // Dissertation doktora ekonomicheskix nauk. Sibirskiy gosudarstvennyy aerokosmicheskiy universitet. – Krasnoyarsk, 2014. – 450 с. 3. The main indicators of development of scientific and technical po-tential and innovations of the Republic of Uzbekistan in 2013 // Statis-ticheskiy bulletin. Gosudarstvennyy statisticheskiy komitet Respubliki Uzbekistan. – Tashkent, 2014.   

Problems of modernization of the economy on the basis of technological innovation

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Problems of modernization of the economy on the basis of technological innovation

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