American Innovations: Analysis of the Current Situation and the Future Prospects
Abstract
This paper deals with particular qualities and distinguishing features of the American innovation model. Statistical analysis of current situation on American innovation markets provides up-to-date information concerning the structure of the economy of the US. American economy is estimated as economy, based on innovation and new technologies. The paper analyses problems closely connected with distribution and adaptation of new technologies. Government policy of implementing, distributing and developing innovations provides detailed support to new projects and initiatives. Future prospects of “new economy”, based on innovations, are studied.
Key words
Innovation, knowledge economy, innovation processes, private investments, venture capital financing, research universities.
Introduction
In the conditions of modern world economy and development of the information-oriented society new technologies and innovations are both an indicator of a country’s influence in the world and a determinative factor of economical growth and prosperity. That is why; the problems and prospects of the innovation development of the biggest economy in the world play a crucial role not only for the United States but also for their rivals and supporters.
The subject of the paper is new technologies and innovations in the US. Innovation – the process by which individuals and organizations generate new ideas and put them into practice – is the foundation of American economic growth and national competitiveness. The topic is the main features and mechanisms of American innovations and their place in the modern economy of the US.
We suppose, that innovations change the structure of the American economy and develop the so-called “new economy”, which is based on information techniques and pioneering ideas, and it is the thesis.
The work is topical, because innovative processes affect practically the whole economy and all of its industries – it can be seen in economic and
This paper deals with particular qualities and distinguishing features of the American innovation model. Statistical analysis of current situation on American innovation markets provides up-to-date information concerning the structure of the economy of the US. American economy is estimated as economy, based on innovation and new technologies. The paper analyses problems closely connected with distribution and adaptation of new technologies. Government policy of implementing, distributing and developing innovations provides detailed support to new projects and initiatives. Future prospects of “new economy”, based on innovations, are studied.
Key words
Innovation, knowledge economy, innovation processes, private investments, venture capital financing, research universities.
Introduction
In the conditions of modern world economy and development of the information-oriented society new technologies and innovations are both an indicator of a country’s influence in the world and a determinative factor of economical growth and prosperity. That is why; the problems and prospects of the innovation development of the biggest economy in the world play a crucial role not only for the United States but also for their rivals and supporters.
The subject of the paper is new technologies and innovations in the US. Innovation – the process by which individuals and organizations generate new ideas and put them into practice – is the foundation of American economic growth and national competitiveness. The topic is the main features and mechanisms of American innovations and their place in the modern economy of the US.
We suppose, that innovations change the structure of the American economy and develop the so-called “new economy”, which is based on information techniques and pioneering ideas, and it is the thesis.
The work is topical, because innovative processes affect practically the whole economy and all of its industries – it can be seen in economic and
References: A Strategy for American Innovation. (2011). Washington DC: The White House. Belinskiy, A. (2009). The US government initiatives in developing innovations (pp. 59-70). Brynjolfsson, E., & Saunders, A. (2012). Wired for Innovation: How Information Technology Is Reshaping the Economy. N.p.: MIT Press Economic Report of the President Fiscal Year 2012. Budget of the U.S. Government. (2012). Kochetkov, G. (2009). Innovation problems in the US economy (pp. 31-44) Komkov, H., & Ivashenko, H Statistical Abstract of the United States: 2012. (2012). N.p.: 25. U.S. Census Bureau. Supyan, V. (2011). Changes in global economic landscape (p. 79). Moscow: The HSE publishing house Supyan, V The 2012 Statistical Abstract. Expenditures, Research & Development. (2012).