Slowing down the growth of the global economy as the main factor in accelerating the industrial revolution

Havin D. V., Bekker P. R.

The article analyzes the current trends in innovative activity of countries and regions. Particular emphasis is placed on the importance of not only innovation as such, but the predominant importance of introducing new technologies into the economies of individual countries, which increases the competitiveness and well-being of national economies. The aggravating economic crisis caused by the spread of a new coronavirus infection creates urgent tasks for the world community. Based on the analysis of existing threats and restrictions that impede the development of the domestic economy, proposals are made for overcoming the current unfavorable situation. Existing economic realities should not be an obstacle, but, on the contrary, should be a catalyst and a signal for government and business to rebuild the existing domestic economic system and interaction, following the example of developed countries. Including, with the introduction of technology synthesis, automation of production, logistics processes, which are based on innovation management of innovative processes. The considered solutions to improving the domestic economy will accelerate the transition from a “mining” economy to an economy with a predominant share of innovative potential, which is one of the key components for the transformation of the commodity economy. The results presented in the article are based on the works of both domestic and foreign scientists.

Keywords:stagnation, technological innovation, the fourth industrial revolution, innovation management.