The Economic Determinants of Structural Changes in the Global Market for Innovative Technologies

The article is aimed at evaluating the global tendencies in the development of market for innovative technologies, based on the economic determinants of its structural changes, and identifying the reasons that reduce efficiency of this process. The main tasks and instrumentarium for achieving the goal are indicated. The relevance of research on the global tendencies in the development of market for innovative technologies is substantiated. In accordance with the purpose and tasks of the article, the essential filling of the category of «market for innovative technologies» is defined. The research on the global tendencies in the market for innovative technologies is based on both the regional and the sectoral criterion in the context of three groups of countries: North and South America, Europe, Northeast and East Asia. A system of indicators of global tendencies in the development of the market for innovative technologies in the context of four blocks is formed. The identified tendencies for the period 2010-2018 are analyzed and summarized according to the directions such as global economic development, exports of high-tech goods, research and advanced development costs, and human capital. Five main tendencies in the development of this market are substantiated and the reasons for a reduction in efficiency of this process are defined. In order to develop the market for innovative technologies, each country is suggested to pay special attention to the key production asset of the creation of advanced production, that is – digital platforms, both from the part of the State and from the part of entrepreneurs.