Formation of the Scientific-Industrial Complex Investment Potential: From Growth Theory to Development Directions

The analysis of the main growth theories and models has justified innovations and investments as the systemic factors of sustainable economic development. The evaluation of the Belarusian statehood formation history at the present stage has identified the main directions for the development of its economy (diversification, attracting foreign investments, developing human capital, reforming the state industrial sector, social protection, and justice). An assessment of the relations between the state and the market, which form the level of interaction of state administration bodies with scientific and industrial organizations for the period from the formation of the Belarusian statehood at the present stage of its development to the present day, has been carried out. The conducted analysis of the current state of individual assessment indicators and methods of using various levers of the public administration mechanism, assessment of the dynamics of key indicators of the development of the scientific-industrial complex (SIC) in Russia, as well as the study of foreign experience made it possible to develop proposals for promising areas of state policy in the field of attracting investments for the implementation of the program for the development of the scientific and industrial complex. The study is aimed at determining the conditions and forms of attracting investments for the formation and development of the SIC, considering the current economic realities of the Republic of Belarus, assessing the potential of the state investment policy and developing practical recommendations. The objectives of the study include: analysis of the dynamics of innovative development, identification of obstacles to the formation of an effective SIC, as well as comparison of national practice with international experience.

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