The genesis of the concept of «high technology» and its role in modern economy

Abstract

In modern conditions, technological development determines the competitiveness and economic
growth of individual countries of the world capable of creating and commercializing high technologies.
Currently, technologies are becoming the engine in the development of high-tech industries and enterprises,
which ultimately makes it possible to extract an increased level of added value due to the uniqueness of
products offered on the market, their innovation, and an increased share of invested intellectual labor. That is
why the task of studying the genesis of the concept of «high technologies», their role in ensuring economic and
technological development, as well as identifying the significance of the high-tech sector of the economy in the
development of the economic system is being actualized.
Research tasks were realized by applying the following scientific methods: scientific abstraction,
generalization, analysis, and observation. This scientific basis made it possible to compare the content and
meaning of the concept of «high technologies» and identify their role in the development of an innovative
economy, determine the main global trends and features of the development of the high-tech sector of the
economy, as well as its role in the development of the modern economic system.