The Strategic Directions of Innovative Economy Development in Russian Agribusiness

The article describes the evolution of waves of innovations in the global economy and the development of multiculturalism in agribusiness of the Russian Federation. The author gives an estimate of innovation activities in Russian agriculture and defines the main directions of innovative activity development. It was noted that the solution of the problem of innovative activity activation will ensure the effective development of agricultural production in all directions at the expense of labor productivity growth, resource savings, cost savings and cost reduction of agro-food products, increasing the volume and efficiency of agricultural production. The growth of innovation potential will increase the competitiveness of Russian agricultural enterprises on the domestic and foreign markets and make agricultural sector of the Russian economy more economically sustainable.