Innovative performance of the real economy is under a new paradigm

1. Innovative performance of the real economy is under a new paradigm

By Polina Ratnikova,
Student of
Vladimir State University

2.

REAL ECONOMY - the part of a country's
economy that produces goods and services,
rather than the part that consists of financial
services such as banks, stock markets, etc.
Cambridge English Dictionary

3.

Two parts of the real sector of economy:
• the branches focused on foreign market —
export-oriented and the branches serving
them;
• the branches focused on domestic market
(all others).

4.

Strategic documents in science and technology:
• federal laws on strategic planning and industrial
policy (2014);
• the Strategy of the Scientific and Technological
Development of the Russian Federation (2016);
• Digital Economy of the Russian Federation
program (2017).

5.

6.

2018 is expected to be the first year since the
financial crisis that the global economy will be
operating at or near full capacity

7.

8. S

9. S

10.

Favorable and unfavorable risks.
Favorable risk factors come primarily from
higher than expected oil prices.
Unfavorable risk factors include marked
escalation of trade tensions and restrictions
among major economies, which could derail the
recovery in global trade and negatively impact
confidence and investment worldwide.

11. Characteristics of an innovative society

a democratic form of government;
protection of intellectual property;
control over corruption and crime;
a willingness to learn from failure
in order to try again;
etc.