The Importance of Innovative Activities at the Modern Stage of Economic Development

Abstract

This article presents the main ways in which innovation can have a positive impact on economic growth, welfare of the population, economic structure, social image of society and various sectors of the economy, innovation opportunities, their application and development prospects. The need for innovative activities in the Republic of Uzbekistan and the main directions of state policy in the field of development and support of innovative projects in the country are considered separately.The authors of the article summarized and studied various theories and statements of academic economists about innovation, analyzed the degree of study of this problem by domestic and foreign researchers, presented their arguments and points of view in the field of innovation.The article separately examines the scientific study of patterns, trends and opportunities for the development of innovation in the economy of modern Uzbekistan, in particular, the positive impact of innovation on various sectors of the economy, development and prospects of Uzbekistan, subject to the introduction of innovations in the country.