INNOVATIVE DEVELOPMENT OF NATIONAL ECONOMY

6 November 2024
464

Innovative technologies and best practices are actively integrated in all sectors of the national economy. Along with sustainable growth, it ensures the high quality of products and services, bringing them in line with international standards. The esteemed President defined these works as a strategic direction and outlined the prospective important tasks at the extended meeting of the Cabinet of Ministers on July 12. The President said an innovation-driven economy will remain stable for a long term only if it is diversified.

International practice shows that economic globalisation is determined by the competitiveness, the introduction of the latest technical solutions into production and the pace of development of knowledge-intensive industries, as well as the efficiency of innovation processes. In the most direct sense, innovation is a new approach to mass production of highly demanded goods and services. Innovations are regarded as unparalleled or qualitatively different technologies and scientific discoveries. Today, the Turkmen state is following with confidence the path of innovative development.

Suleyman GURBANYAZOV
A researcher, Institute of State, Law and Democracy of Turkmenistan.