THE IMPACT OF INNOVATIVE DEVELOPMENT OF COUNTRIES ON THEIR COMPETITIVENESS

The work is devoted to the study of the impact of innovative activity on the global competitiveness of states. The problems of innovation, innovative development, and competitiveness of the national economy occupy one of the defining places at the macroeconomic level of developed countries and are quite relevant in scientific and professional circles. Innovative development in the context of globalization can contribute to a change in the paradigm of economic growth, paying attention to the creation of value for society and the balanced use of resources. The development of such industries as the creative economy, social entrepreneurship, and public innovation can contribute to the creation of a more just and stable economic environment. The competitive advantage of a country is ensured by the presence or use of unique technologies and ideas. One of the most powerful incentives that forces countries to move along the path of innovation in the context of the development of international economic relations is global competition. The high rate of technological progress, changes in the global market, and the constant updating of society's requirements generate the need for innovation as a necessary tool for solving complex economic problems. Due to innovative development, most of the developed countries of the world have achieved high competitiveness and sustainable economic growth, it is vital for every state to be competitive and innovative in the market. Innovations are a key factor in economic development, in the modern world they are becoming not only an object of general interest, but also a subject of active research and practical applications. We conducted a data analysis on the example of countries belonging to different economic groups, in order to identify the impact of the importance of innovation processes for increasing the competitiveness of countries in the global economic environment. A list of countries with different types of economic development was taken and the correlation analysis method was applied to them to obtain the research result. The methods of comparative analysis, generalization, economic and statistical, system and structural were used. The obtained research results indicate the importance of innovation processes for increasing the competitiveness of countries in the global economic environment.