Dominant Factors In The Development Of An Innovative Economy

Under the influence of the information and technological revolution, the transition of quantitative to qualitative changes requires the development of an innovative focused on imperative of intellectualization and socialization of the economy. The advanced global practice gives certain grounds to determine significant, established laws and principles of intellectualization of innovative economy in the conditions of modern information and technological revolution. The transition from one to another socio-economic system is associated with a wide range of different intellectual factors. Socio-economic systems under the influence of intellectualization are in constant motion and transformation. Under the new conditions, the volume of goods produced within the innovation economic space depends on the direction of human capital development. At the same time, creative intellectual development of human capital determines the content and quality of the most innovative economy. Intensive qualitative changes occur in all its industries, branches and sectors. Replacing labor with knowledge detonates the transformation of industrial production into innovative. In the new conditions, the concept of “production” is transformed into the concept of “innovation”. To a greater extent this is related with the humanization of the economic activities of society. Therefore, the “anthropic trend”, or the humanization of the national production, is a core principle, requiring objectively and humanistically oriented scientific knowledge. Scientific knowledge and innovation appears to be the foundation, the tool for improving competitiveness, as well as the basic element of the innovative model of the reproductive process.