The innovation system of Great Britain

Losev K.V.1, Molchanova S.M.1
1 Санкт-Петербургский государственный университет аэрокосмического приборостроения

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Journal paper

Journal of International Economic Affairs (РИНЦ, ВАК)
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Volume 9, Number 4 (October-December 2019)

Citation:

Losev, K. V., & Molchanova, S. M. (2019). The innovation system of Great Britain. Journal of International Economic Affairs, 9(4), 2433-2444. https://doi.org/10.18334/eo.9.4.41261

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42446269
Cited: 7 by 28.06.2023

Abstract:
The article reveals the place of Great Britain in the leading world indices and ratings. The presence of the country among the leading research countries of the world is emphasized. We study the experience of providing lightweight taxation for high-tech companies, co-financing and reimbursement of research and development costs, and exemption from patent income taxes proposed by the UK Government to finance the early stages of company development. It substantiates the main task of the country's innovation activity, embedded in the industrial strategy of the state. The characteristic of innovative institutions providing research funding to address environmental, social and economic issues on a global scale is given. It is considered how the globalization of research and the development of innovative activities create a competitive international environment. Presented are programs combining research with business in solving major industrial and social problems, government funding programs for the development of innovative products for government customers in the UK. The tasks that need to be solved to increase the competitiveness of the innovative economy of Russia and the UK are disclosed

Keywords: innovative development, digital economy, information and communication technologies, innovative climate, industrial strategy, innovation ecosystem, export of high-tech services, technology sector turnover, technology startup, research and innovation financing

JEL-classification: O31, O33, O32, N14

Похожие статьи:

  UK innovation policy instruments (Молчанова С.М., Дроздова А.П.) Russian Journal of Innovation Economics. Num. 4 / 2019

   Cluster approach in the management of innovative and technological development of the national economy (on the example of Great Britain) (Морковкин Д.Е., Никогосян В.А. и др.) Russian Journal of Innovation Economics. Num. 4 / 2020

References:

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   The European Union's Carbon Border Adjustment Mechanism: challenges for the UK (Сидоренко Т.В.) Journal of International Economic Affairs. Num. 4 / 2023

   Comparative analysis of the introduction of digital assets in global financial centers (on the example of the UK and Singapore) (Землянский И. В., Солдатенков Т. А.) Russian Journal of Innovation Economics. Num. 4 / 2024

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