Innovation as a factor in achieving economic competitiveness

Abstract

. To actively innovate the development of the economy, it is necessary to make full use of
scientific and technological developments in the real sectors of the economy.
Technological progress is a factor of production and a means of increasing factors of production.
Those countries which will not survive the «technological race» will be pushed into a zone of
impoverishment and backwardness. As a result of systematic efforts on the part of the country,
innovation has been identified as a strategically important area for the development of the Republic
of Kazakhstan. The State has defined the key priorities of the Third Modernization, the first of
which is accelerated technological modernization and increasing the productivity of industries
through the transfer of new technologies and the introduction of best practices.
To reorient science and technology to a new level of innovative development, it is necessary to
restructure the entire scientific and technical system of the Republic of Kazakhstan into innovative
paths, which should lead to a breakthrough in all sectors of the country’s economy.