Importance The profound transformation of global economic system against the background of international isolation processes acts as a powerful incentive to develop innovation in Russia with a focus on qualitative reconstruction of the entire national economy structure. Taking into account the experience of developed economies modernization, refocusing on innovation development is of particular importance in the context of sectoral reorientation of the economy, enhancing global competitiveness of the Russian economy and taking leadership position in the international economic relations system. Objectives The article deals with innovation restructuring of the Russian economy through investment in knowledge-based industries and active application of preferential economic mechanisms provided by the institution of special economic zones (SEZ). Methods Using the economic-statistical and expert methods, we have analyzed various aspects of innovation activity of leading global economies and identified the need for continuous enhancing the R&D role and encouraging international scientific and technological cooperation for better positioning of the country in the global trade. Results The study resulted in the analysis of causes and consequences of innovation development of the world's leading economies and elaboration of a number of proposals to develop the Russian SEZ in order to form a full-fledged international mechanism contributing to development of the innovation component of the State economy. Conclusions and Relevance We concluded that an increase of innovation and scientific and technological potential becomes a higher priority task of the State. Sustainable improvement of high-tech production and increasing exports are the most important guarantee of gaining leadership in the international trade. Effective organization of activities of special economic zones that are able not only to give impetus to the Russian economy development, but also to transform it into world leaders, is one of the directions towards this strategic goal implementation.
Keywords: Keywords: world commerce, competitiveness, innovation economy, investment attractiveness, WTO, special economic zone
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