Modern Globalization-Innovative Challenges of Industrial Production of the Countries of the World
Baula Olena1, Liutak Olena2, Yaroslava Stoliarchuk3

1Olena Baula, Associate Professor, Department of International Economic Relations, Lutsk National Technical University, Lutsk, Ukraine.
2Olena Liutak, Professor, Department of International Economic Relations, Lutsk National Technical University, Lutsk, Ukraine.
3Yaroslava Stoliarchuk, Professor, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine. 

Manuscript received on April 02, 2020. | Revised Manuscript received on April 14, 2020. | Manuscript published on May 30, 2020. | PP: 338-343 | Volume-9 Issue-1, May 2020. | Retrieval Number: A1643059120/2020©BEIESP | DOI: 10.35940/ijrte.A1643.059120
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Abstract: Innovative development of the countries of the world is based on the use of conditions of development and a set of measures technical, industrial and commercial in nature, which are emerging or improving existing industrial processes and equipment. The level of such development can be estimated using international indices. Assessment of their dynamics, variations, calculated coefficients of differentiation determined the need to align models of regulation of the economy, which, as the experience of highly developed countries, should be based on maintaining a high level of innovation of the economy. The purpose of the research is to study the world innovation development and develop recommendations for enhancing innovation activities of countries in the context of modern globalization transformations. The study used the dialectical method of scientific knowledge, as well as general scientific and special methods of research: methods of theoretical use of the generalized and abstract-logical state – for the current state of modern innovative development of the industrial level; statistical methodology of systematization, grouping, methods of the Commission of Variants, Concentrations and Technologies – to select the code and unevenness of innovative development of the world for the value of the GII index; systematic approach – for specific tasks of international innovation activity and sending recommendations for activation of innovative activity in the field of modern global transformations. The tasks of international innovation activity in the context of modern globalization transformations should be based on human capacity building in the sphere of innovations, technological modernization of key sectors of the economy, introduction of innovations in all spheres of public administration, increase of openness of national innovation system, development of interstate innovation clusters. It is proved that in comparison with the national economies that do not pay attention to the development of innovations, the innovative developed countries show higher economic growth in the long-term trend. The practical significance of the obtained results is that the conducted research will contribute to the improvement of directions of further development of international innovation activity and industrial production of the countries of the world in the conditions of global innovation challenges. Further research is advised as this study was having limitations. 
Keywords: Innovations, Innovative activity, Innovative development of countries.
Scope of the Article: Industrial Engineering