SOLUTIONS FOR THE INTEGRATION OF LOW-INCOME COUNTRIES INTO THE INNOVATION-BASED GLOBAL ECONOMY
Authors/Creators
- 1. Asia International University, Bukhara, Uzbekistan
Description
In the context of globalization, innovation has become one of the key drivers of economic growth. However, low-income countries face numerous challenges in developing innovative activities. This article analyzes the main mechanisms, strategies, and solutions necessary for the integration of low-income countries into the innovation-driven global economy. The results of the study show that for such countries it is more important not only to create innovations but also to implement them in practice, import technologies, develop logistics systems, and train qualified specialists. In addition, strengthening cooperation between government policy, research activities, and the business sector is considered an important factor in innovative development.
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References
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