The Role of Innovation in Economic Development Republic of Tajikistan

Abstract

This article discusses the role of innovation in the development of the economy, changing its structure and the formation of new market conditions. The level of innovative development among the CIS countries is compared on the basis of various indicators.Aim. Analyze the current state of innovative development of the economy of the Republic of Tajikistan and compare the level of its development with the CIS countries.Task. Determine the impact of innovations on economic growth and their importance in the development of science-intensive industries, and in general for improving the standard of living of the population. Consider the contribution of innovation to economic growth in the Republic of Tajikistan.Methods. In this article, the comparative method, the method of generalization and expert analysis were used.Results. When considering the role and significance of innovation, it was revealed that new products, technology or equipment based on new knowledge not only contribute to the socio-economic growth in the country, but also determine its higher position in the world community and ensure national security. Therefore, the role of fundamental and applied research, as well as scientific developments and, most importantly, their practical application in the production process, has recently increased.Conclusion. In the second half XX century, scientists, along with the extensive and intensive type of economic growth, began to consider the innovative type. This was due to the fact that investing in information, science, high technology and the commercialization of new knowledge contributed not only to economic growth in developed countries, but formed the prerequisites for the initial stage of a post-industrial economy, or a knowledge-based economy.