The Role of Credit Institutions in Financial Support of Innovation in Conditions of Development of Knowledge Economy
Journal Title: Проблеми економіки - Year 2010, Vol 2010, Issue 1
Abstract
Knowledge in association with the social capital becomes the key factor of creation of competitive advantages, the main source of well-being of a society. In economy, based on knowledge, the side between fundamental and applied researches, between a science and technologies becomes more and more shaky, and innovations and knowledge are defining factors on which the sustainable development economy any state is based. One of conditions realizations of such process is obligatory presence of sufficient level of financial maintenance. Therefore an actual problem in the conditions of development economy knowledge is the increase in a role of the credit organizations in financing of innovative activity.
Authors and Affiliations
Viktoriya Kolesnichenko
Keywords
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