Problems of developing the foundations of sustainable competitiveness of industrial and innovative economy in Kazakhstan

Abstract

The article deals with issues and challenges related to the transition of Kazakhstan's economy to industrial-innovative development, including the main causes for low innovation activities of enterprises, and peculiarities of the development of an effective mechanism to finance innovation activities and to strengthen the country's intellectual capital Currently, countries that implement long-term innovative development strategies satisfying the needs of a diverse market have competitive advantages in the market. The present research enables us to identify and analyse problems of formation and development of Kazakhstan's industrial and innovative economy, namely the lack of application of research results in business, inadequate and ineffective funding (both public and private) of innovation activities, as well as little support and encouragement for scientists as major participants in innovation activities. It has been concluded that nowhere in the world has a national innovation system been formed by the market or private sector alone. Kazakhstan is not an exception. Therefore, the state must play the leading role in both promoting the results of R&D and innovation activities in the market and creating the national innovation system.

New challenges in the financial management under the influence of financial technology

“…With the general growth of economic work on the development of modern technology of the world in many academic fields, it is hardly surprising that the relationship between technology and the management of the world has attracted considerable attention in recent years. Some aspects of technological and digital development are considered in the research of the authors as Ziyadin, S., Doszhan, R., Borodin, A., Omarova, A., Ilyas, A., Saparova, G., Ermekbaeva, B., Supugaliyeva, G., Zharaskyzy, G., Mukhtarova, K., Kupeshova, S. [8,9,10,11,12].…”

Methodology for managing financial risks of Kazakhstan enterprises

“…In the current environment, when global relations determine the development of the national economy, the role of the financial market is increasing every day. Small and medium-sized businesses, as well as other private enterprises operating in Kazakhstan, are associated with the unstable positive impact of economic processes in the country, which accompanies processes such as regulation, control and supervision of the financial market, the legal framework of the financial market, and dependence on changes in the situation on the world market [1].…”

Influence of inflation on long-term economic growth in the context of the raw material orientation of the national economy

“…Thіs lаrgеly dереnds оn есоnоmіс роlісy, whеrе thе mаіn gоаl іs есоnоmіс grоwth, аnd nоt just suррrеssіоn оf іnflаtіоn. The present research enables us to identify and analyse problems of formation and development of Kazakhstan's industrial and innovative economy, namely the lack of application of research results in business, inadequate and ineffective funding (both public and private) of innovation activities, as well as little support and encouragement for scientists as major participants in innovation activities [17,18,19].…”