INTELLECTUAL PROPERTY AND INNOVATIVE ACTIVITY AS A FACTOR OF ECONOMIC DEVELOPMENT

The search for new resources of economic growth, ways of earning and self-realization is a priority for every country. In modern conditions, such resource converts to intellectual resources — the latest knowledge and technology. Now, that a new economy has formed, knowledge plays a decisive role in the development of both an individual enterprise and the state. Knowledge plays a special role in this process, which received proprietary rights, namely intellectual property. Intellectual property currently regarded as an institution that is dynamically developing, the role and value of which in the world economic relations system has changed drastically. If earlier the legal component of intellectual property prevailed, now, in the context of an innovative economy formation, the economic component is attaining key importance. Today, the most effective innovative activity is being developed exclusively based on intellectual property, the source of which are scientific achievements obtained in the fields of science and education. However, traditionally, in the literature on innovation management, intellectual property issues are evidently not given enough attention and mainly from the perspective of jurisprudence, although the amount of economic aspects is no less. The economic growth of any country (industrialized or developing) requires long-term efforts from both on the part of the state and on the part of society. The basis for the performance of these efforts is an effective government policy in the field of science and innovation. In modern conditions, the practical application and broad distribution of the results of scientific and technical as well as research activities, designed as intellectual property objects, is becoming a necessary factor in the country's economic development. In the macroeconomic aspect, innovations affect the change in the nature of production, because of which the development of the national economy, both at the regional level and at the enterprise level, follows a more modern model based on the innovative component.