GLOBAL INNOVATION INDEX AND GEORGIA

Abstract

In recent years, the problems of innovation activity have become essential. Scientific and technological innovations have become the most important factors for sustainable economic growth in post-industrial society. For small-economy countries, it is essential to study innovative activities and their analysis. The following article is devoted to studying Georgia's innovation potential based on the Global innovation index. The article analyzes the importance of innovation, the dynamics of the Global innovation index, and its role in country's development process. There is a detailed examination of the change of dynamics of Georgia's innovative development indicators' and are indicated the weaknesses and strengths of the innovative environment. In the last part, the author's conclusions and recommendations for improving the innovative environment are presented.