INNOVATIVE DEVELOPMENT AS A FACTOR OF EUROPEAN UNION ECONOMY DIGITALIZATION
Egor V. Dudukalov
Russian Presidential Academy of National Economy and Public Administration
South-Russian Institute of Management, Rostov-on-Don, Russia
Suan Sunandha Rajabhat University, Bangkok, Thailand
By now, the European Union has already accumulated quite a solid theoretical basis along with a range of applied measures for stimulation of innovations-based digital economic development on the supranational level. Studying this experience is relevant for other regional integrations in part of both economic development and innovations. Thus, this article considers the very notion of innovation-based economy along with the criteria of innovativeness of the economic systems and then evaluates the asynchronous nature of innovative progress across the EU. Afterwards, recommendations on innovation-based alignment of digital economy development rates are provided taking into account such important aspects as modernization of the industrial policy, innovations’ transfer and generation of innovations at the regional level.
Key words: innovation-based economy; innovative potential; the European Union; innovation- based modernization, digital economy