Page 103 - Theoretical and Practical Interpretation of Investment Attractiveness

In turn, the subindex of scientific and technical potential is the country's position on
technical development: the number of Internet users per 10,000 people, 1 mln. it is determined
based on the number of patents per population, the share of foreign investments in the
innovative activity of the country under study, the expenditures on science, and the level of
scientific personnel.

3.1.2-fig.
Sub-indices used in different stages of development of the country

Development stage Basic needs , % Efficiency boosters , % Innovation and
modernization , %
Resource development
stage
50 40 10

Efficiency growth
stage 40 50 10
Innovative
development degree
thirty 40 thirty

Source: The Global Competitiveness Report 2008–2009. Michael E. Porter, Harvard University,
Klaus Schwab, World Economic Forum. http://www.weforum.org/pdf/GCR08/GCR08.pdf

According to the methodology of International Economic forum experts, the possibility of
achieving sustainable economic growth in short and long-term development depends equally
on three variable categories: macroeconomic environment, state institutions and technology.
In the long term, the economy cannot grow without scientific and technical potential. For
"innovator" countries (USA, Japan, Korea, Canada among them) innovation is 1/2, for other
countries it is 1/3 133 .
Evaluation of the innovative potential of the regions of the country. The innovation
potential assessment algorithm can be presented at the regional level in three consecutive
steps. Below, we describe our analysis, summarizing 134 the normative methods of economists
evaluating the innovative potential of the region.

133
The Global Competitiveness Report 2008–2009. Michael E. Porter, Harvard University, Klaus Schwab, World
Economic Forum. http://www.weforum.org/pdf/GCR08/GCR08.pdf
134 Innovative management in Russia: issues of strategic management and scientific and technological security / Director.
auto coll. V.L. Makarov, A.E. Varshavsky. – M.: Nauka, 2004. p.108-150; Scientific and technological safety of regions:
methodological approaches and diagnostic results / A.I. Tatarkin, D.S. Lvov, A.A. Kuklin, A.L. Myzin, V.Ya. Bulanov,
K.B. Kozhov, A. Yu. Domnikov. – Ekaterenburg: Ural Publishing House. Univ., 2000. p. 112-132, 329-331; Bagrinovsky
K., Bendikov M., Khrustalev E. Economic safety of knowledge-intensive production: Preprint. – M.: CEMI RAS, 2000.
pp. 36-37; Senchagov V. Economic security: geopolitics, globalization, self-preservation and development / Institute of
Economics of the Russian Academy of Sciences. – M.: ZAO “Finstatinform”, 2002. pp. 76-77.

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