INNOVATION AS A STRATEGIC FACTOR OF RAISING THE COMPETITIVENESS OF NATIONAL ECONOMY

The article highlights the role of the innovation as strategic factor of increasing of the national economy competitiveness. The main approaches of defining the key determinants of raising the country's level of competitiveness are presented. The GII conceptual framework of the world's most developed countries is chosen and according to recent data the detailed comparison is conducted. The main strengths and weaknesses of national economy are highlighted and the following recommendations are provided.