Novitskiy V.Ye.

Challenges of institutional innovation management in the context of challenges of national development at the present stage of globalization

The paper addresses challenges of forming a national innovation system by integrating it into the global innovation system and studies economic categories of “innovation” as an active science and technology dominant of current development and competitive activities. Our study yields theoretical insights into the notion of “innovation” as a phenomenon of socio-economic life. The global financial crisis became an impetus for redefining and updating the national strategies of innovation-based development.