Cyclical nature of modern economic development

cyclical nature of modern economic enhancement

valuable relevance for the enhancement of the modern economy is its bike. Puriny each structural crisis of the global economy new opportunities are formed. Capital, who were leaders in the last cycle, is devalued. Qualification of the laboratory of our forces in the field using ancient technologies are in ruins, while countries that have succeeded in making an innovational potential turned out to be the center to attract capital, which is independent of the ancient production. Therefore, countries that have implemented technical and scientific and industrial policy of capital investment in potential areas will be given a competitive advantage. The implementation of this policy in the phase of structural crisis gives its authors the opportunity to achieve economic growth based on competitive advantage.

basis of scientific and radical innovations are recognized as the primary means of overcoming the structural crisis, which are thought to buy new work achievements and boost the effectiveness of traditional enhancement.

To go to the the boards of stable economic enhancement, it is valuable to boost Vitas innovational-investment Act and involve the new technology information and technology base in the path of sound economic enhancement . Economic policy that is oriented to encourage investment in innovation provide modernization of the economy, also gives rise to its competitiveness.

innovative way of enhancement in terms of investment policy. Thus, the main importance is given to the type of innovative enhancement, which involves the growth of government’s role in the performance of the investment policy. Developing countries highly. Take responsibility for areas such as funding for valuable science and high-risk investigate and enhancement of infrastructure for scientific investigate. The apply of new thoughts and educate the population. The implementation of these functions takes house against a backdrop of large-scale investments. making favorable conditions for the growth of production on the basis of scientific innovation.

Currently, the government seeks to develop institutions that will support investment in new technologies, stimulate innovative activities, encourage gradual changes in technology, financial units that tab and use our information.

Currently the government is trying to initiation institutions of enhancement, which will encourage investment in new technologies, stimulate innovative activities, to encourage progressive technological change, which brings collectively financial resources, our laboratory and information. The state can avoid responsibility for developing production activities, and special markets where competitive relations are formed. At the same time it should encourage new information in high-risk investment activities, which pave the way for the creation of production on the basis of introducing scientific and technological achievements.

For example, the wave of economic regulations that apply from developing countries in the late 8th century lost covered the traditional branches of the economy but it was unrelated the high-tech sector, in contrast to the importance of chief institutions of government support for innovation activities were augmented. At the same time, the importance of working on the scientific strategy of the State for economic and social growth techniques. The state aims to initiation businesses that manage to gain a com putative corporate domestic and foreign markets. They must focus their resourses potential fields of production.

The instruments of direct influence of the state are aimed at to support confidential initiatives and innovative enterprises that will stimulate investment activity in certain areas and production. initiatives

The need to fund science and its current status:

active investment administer, particularly in science and technology, innovative activities scientific-technical and is the foundation of economic growth. Today, the decline in technical and scientific potential is caused by the detail that there is no more unity between the scientific investigate and their use initially. scientific staff was disbanded and many intellectuals left the country.

As a upshot, the country becomes more needy on foreign trade.

So, in order to initiation favorable conditions for the rekindling of growth of economic capital is essential, but it is very complicated, due to cut-rate public funding, and lack an order of production, science and culture have no domestic resources for enhancement.

Significant reduction in demand

company on innovation has resulted in an boost in funding scientific field on the state budget. Budgetary expenditure on scientific investigate and construction have been cut-rate and they are certainly a downward trend against the GWP as veil as the budget share of expenditures. Degradation of the scientific potential is evidenced by sharp decline in expenditures used in investigate and pond construction that leads to drop behind the highly developed countries. Expenditures for scientific investigate in the United States (1998) amounted to 794% per person in Japan – 715. Germany and Russia 611in 511, while in Georgia it was only 2.8%.

Due to the sharp decline in the financing of science, the renovation of science facilities detoriorated. Salaries in science decreased the turnover rate of major foundations in scientific technique dicreased significant. According to the latest statistics, 311 ml. Clot was invested in the rekindling of core capital, which amounts to 60% of the total capital invested in Georgia instead of renewing the countrys market techniques, most capital was invested in activities related to the local market . 29% of this capital was invested in real estate and construction worth.24% in transport and communications The problem of heeping, support and develop valuable investigate centers and science worse. During the Soviet era to 20% of production was made in the USSR, but now Georgia shave in the world scientific production in only 0.3%. The implementation of innovations require a wide range of activities, conduct investigate to produce new output. Priorities change innoBE activities at each the boards of economic enhancement.

In order to achieve economic growth in the current conditions in the country. it is necessary to develop scientific innovations that initiation new and does not take into account the current technological enhancement information of this project lays the foundation to place the so-called multiplication innoBE moving. which is related to investment and results in augmented production. making improved scientific innovations. They exchange the ancient technologies. The introduction of this innovation is exercised by new investment, encourage growth in production. Thus, augmented innovation allows a excellent influence on the growth of production and takes the economy from depression and it leads to a the boards of long-term enhancement

Distribution of investments in scientific

– . Technical work.

It is honestly predictable for developed countries to allocate the investment of confidential capital and the state, even on scientific and technical work. For example, from the American confidential investment in innovative market amounts to 50%. Similarly, according to figures from the expertise of state, 10% of the innovations is given a status of strategic importance and therefore they are funded by government sources. Japan funds 33% of all scientific investigate, 73% of scientific investigate, and constructive is being implemented on the basis of self – financing the U.S., Germany, this is the index to 70% Japan and the UK 62%, France and Italy 57%, so the only doable mechanism to promote economic and social enhancement is about the technical modernization and go to innovative type of enhancement.

modernization of technical equipment and reconstruction needs

attract significant investment in innovation. Here, it is valuable to enable the state policy on the branches of science and technology and develop valuable guidelines for scientific and industrial enhancement of the economy. At the same time, the state, which is valuable section of the technical modernization of the economic sector must take responsibility for funding of valuable scientific investigate sector and high-risk, restore the activity of science funding in Budget State and develop the scientific infrastructure. In order to define the proportions of shares of its investments essential to focus on the cyclical enhancement of the economy and the types of intensive re-production, which is reflected in the Law on Statistics of the division of expenditures by example, spending on valuable investigate, useful work, amounts of investment capital 1:3:9:27.

Aptly

Statistical Resources Division in accordance with the scientific and technical potential is used in the enhancement the boards of production where the scientific and technical progress is made by law practices, to aid solve the problems of stabilizing the production and enhancement.

The reason for the decline of the scientific potential of the reduction of scientific potential in the post-communist countries is caused by a lack of scientific organizations restructuring privatization of investigate has not provided any desirable outcome. The reason for this is that companies do not order them to do investigate. Simultaneously, the scientific staff got older, the latest trend in science suffered years of losing its intellectual potential. In this case, it is reasonable to merge various scientific and investigate institutions should be transferred to companies to manage in this way scientific technical potential will become much stronger.

sources and ways to finance the restructuring of scientific investigate institutions and divide it into businesses with developed financial, marketing, economic and commercial infrastructure will boost the practical use of results of work investigate. Narrow-based useful science projects makes scientific techniques, they will be implemented at the expense of the state budget, spending non-state attracted Ventura, sharing other financial mechanisms. The issue of mobilization of these sources can be resolved on the basis of the purpose, scientific and technical programs at regional and federal governments, according to market demand.

They can be implemented in the form of portfolio investments using tools of action marked. Provide state grants and institutions to sell the security guard agency and investment trust management practices we have eyes. To institute proceedings for non-budgetary financial innovation, it is necessary to use the sinking fund on the renovation of the party, where production costs, especially. devoted to investigate and innovation. are considered and the costs of wear in financial expenses, which is included in the cost of production and is reflected in the price of production. In addition to the revenue that came from selling the scientific and technical production, or have the aptly to own intellectual and industrial units and the income of scientific and technical units and selling the aptly to own them should be considered as .

use> Doing the above sources is implemented in accordance with special rules and rising, on the basis of methods used. Fees received from these sources are transferred to a separate account under `Innovation Foundation” greeting. State funds for innovations designed to make doable information of science and technical enhancement can work out of modern competitive production and to organize production. In addition to using state budgets expenditures, other market mechanisms to attract investment are used as well.

Today mechanism to invest in innovations that are used in the structure of the bank case, which involves the use and regulates its use in science is taken into account for the banking structures investment, to accumulate large amounts to the creation of consortia and other financial institutions and investment to attract capital to innovative programs of investment. Provided banks of the AU budget deficit cycle phases and provide an innovative service assurance. The participation of banks in the area makes additional stimulus for different companies. No other structure manages and controls the use of innovative than banks.

effective use of instruments in equity markets offer opportunities to attract investment in innovation. Its main objective is to divide the use of investments between the fields and to provide tide of domestic and foreign investment in sectors most prospective of the inhabitant economy. Economies in transition does not provide the conditions for people to convert their savings into investment and provide innovative economic growth. Potential Monetary registered in the country is virtually unused. According to the same data to the amount of savings is much higher than in the United States and Western Europe. To invest the funds existing in the country in key sectors of the economy, it is necessary to make collective investment exact, he understands. share investment funds, credit battery contacts and common goodwill. After the government should monitor their activity and they must draw their own. attention to new forms of scientific and innovative forms of investment.

main phases of innovative enhancement.

The enhancement of innovative economy

as any administer must be oriented to his steps, levels and phases. Initially, the technological base of the field where production is more market demand should be refurbished. At the same time the market is expanding with the importation of goods, introducing innovations that is oriented to the modernization of economy and technologies used to improve the quality of consumption. So at this the boards, our main goal is to initiation reasons for the infrastructural and institutional strengthening of scientific technological potential. we must organize the companies that produce and sell new technology range that allows the country to restore its position in the global market for scientific technologies. Simultaneously, the country’s role in production activities and investment that aims to commercialize innovations must be strengthened. Small by small will to support the quantitative aspects of technical aspects for scientific quality and new forms of engineering, using modern information technology.

main information of the State Investment innovative state policy in the future the main information of the investment policy of innovative state are: 1. the choice of inhabitant enhancement priorities of the field for innovative projects, innovative projects, choosing technologies that influence the growth of production and augmented competitiveness. 2. Coordination of legislative and executive bodies to work on the complex approach to solve this issue for the innovative enhancement countries, the efficient operation of innovative systems and the implementation of the strategy of the State of innovative investments.

3. maintain and develop the scientific and technological and industrial valuable science, working on the system of training employees to maintain and develop modern scientific and technological level and the enhancement of science to the next level.

4. Provide favorable economic conditions and financial for the activation of innovative works, ventral enhancement, engineering and industrial investment activities and increasing competitiveness to initiation favorable conditions for investment in innovation can modernization of scientific and technical bases of inhabitant industry and rising competition from countries.

Information of innovative activities and priorities of innovation policy consists of three stages. At the initial the boards of the main objectives are the reproduction of the technical basis of the field whose production has a stable demand in the market as the market grows by producing goods that replace those imported innovations are aimed at to the modernization of enterprises, use the use of technologies and improve the economy as a consumer. So at initially it is necessary to initiation economic base and institutional infrastructure to go at different stages of enhancement of state investment. In the second the boards companies making the technological are made. After the production was introduced on domestic and foreign markets, making production competitive in the area where inhabitant product have not been presented before, and it makes new areas of demand, which dominates domestic products are for applications. The boards of this country activities are aimed at at attracting high-scale confidential investment, making the necessary infrastructure investment and enhancement support and perfection.

In the third the boards the following valuable questions must be resolved. Support to countries for innovative infrastructure, initiation the conditions of demand on domestic products, information support to companies making stable contact with science and industry.

ways of implementation of scientific and engineering innovative.

A State focuses on new forms of innovation in science and engineering, using modern information technologies and gradually they go from quantity to those aspects of quality, which are implemented in the following manner:

1. Maintain and develop the scientific and industrial use in the production of modern technological level.

2 Choose a rational strategy and priorities for the enhancement of innovative field. The implementation of critical technology and innovative projects in areas that influence Effectivness production and competitiveness.

3. Initiation favorable economic and financial conditions for the activation of innovative works, the legal sector and competitiveness.

– To implement the following measures of this activity must be exercised in practice:

The administer of providing information must be radically improved and commercial structures must be involved in the enhancement of innovative educational and scientific activities

-.. reconstruct section of the investigate and institutions and the closure of inefficient workplace

– Creation of the system at risk investments. State support of venture activity in scientific technique is necessary until the industry is interested in them

-. Develop the system of noon. State and innovative risk supplly confidential insurance groups to initiation as section of financial and industrial groups which undertake high-risk insurance, which is linked to the creation of innovative production. insurance companies and will share the risks

-.. using modern methods to predict the engineering and marketing of investigate output

– Enhancement of innovative small businesses by making favorable conditions and infrastructure for the establishment of small businesses and how they work

-. Initiation appropriate legislation to govern the relations in the field of intellectual property, labor normative acts that aim to exercise state policy. It includes involving the results of scientific and technical investigate results in industrial traffic, which is implemented at the expense of state budget

-. Showing predictable contracts to balance the legal interests of participants in the administer from the point of using scientific and technical results.

So, following the innovative way of enhancement, should not be the only factor working on the white investment policy. As section of this, the country’s role is defined by the creation of mechanisms, which forms a inhabitant innovation and develops innovative production.

To initiation favorable conditions for the enhancement of technological innovation provides the basis for modernizing the economy and the growth of competitiveness of inhabitant production

-. Narrow preparation predictable state to balance the legal interests of those involved in the administer of using the results of scientific investigate and technical work.

So the main factor while working on the investment policy is to go the economy in an innovative way of enhancement. In this respect the primary role of a country is to initiation mechanisms that will provide training of the inhabitant innovation and enhancement of innovative companies, which will modernize the economy technology market economy doable and you will risk competitiveness of inhabitant production.

The formation of the investment model of sufficient activity in the system of market economy offers alternative investment arm of the use of new forms of investment. For his section he has to work on investment policy, which will meet the economic conditions changed.

Authoritative

thought to reform the market economy in Georgia is based on simple principles monitory. Their achievement was expressed in size by minimizing the role of the country, robots foreign economic activities, privatization of state property and form of market structures.

principles, limits and forms of state involvement in investment activity

Breakdown of Georgian-economic

shows that the resolution of significant problems in the enhancement of investment in the country is not solely on the basis of self-parameter, which is distinguished by its low quality. A state must strengthen its role in the investment field, right economic policy. At the same time the boundaries of state involvement in the investment administer should be defined by taking the path of economic enhancement, which is characteristic of the period of transition to market economy, considering the conditions of a building State’s role in the investment administer.

Analyze opportunities to strengthen the role of the state investment administer, we must consider the fait that the counting of participation in the administer has the same limits, these limits are defined by real financial possibilities, on the other hand the country should encourage the administer of attracting investment rather than block them. State participation in the investment administer is not the same as turning economy administration administer. It involves an boost in long-term policy of the state, the effectiveness of activities especially in terms of encouraging investment.

The topic of state participation in the pineapple business investment is closely related to the limitation of potential for financial calculations approximate investment promotion show that, in order to restore the amount of investment at the pre-reform growth of foreign investment is doable. According to the 2002 program-2012state in the next five years 10 billion are expected.

As we mentioned last ready the country’s role as an investor in a market economy is maintained for fields that are vital and valuable. Greater emphasis is given to the parameter of the investment administer in the path, which makes favorable regime for the activities of confidential investors.

The conditions in the Georgian economic investment strategy is oriented to go from investment to initiation a stable investment background necessary for confidential investors. Both parts are essential to the investment policy should support state’s prosperity fields of production and the policy should be systematic.

Set the strategic priorities for investment.

Investing in innovative production will encourage new information for the tide of investment, production levels and rising encouraging economic growth. This approach is well known in the world of products. Our priority must be effective programs that meet the domestic needs of the economy, in this regard, we need to support domestic firms, and enhancement of vital economic brunches.

At the same time it must be taken into account in the integrated global economy, enhancement of investment can not be a stable and growing source of profits in the production of competing products only in the internal market.

valuable shape up for efficiency in the investment policy of State is working on the design of structural transformation in the industrial sector. It is particularly concerns about such approaches that priority should be defined reform strategy and mechanism of different groups of industries, supporting forms and methods based on models of state organization, industrial structure in accordance with real, among them the institutional conditions of the global economy.

Popularity: 1% [?]