The role of innovation and technology in stimulating economic growth

Innovations and technologies are becoming the main drivers of modern economic growth, significantly influencing the development of various sectors of the economy. In recent decades, technological breakthroughs and the introduction of innovative solutions have transformed traditional production processes, creating new opportunities to increase productivity and competitiveness. This paper examines the mechanisms through which technologies influence economic growth, such as automation, digitalization, the introduction of artificial intelligence and new methods of managing production processes. Particular attention is paid to the analysis of the role of innovations in improving business efficiency, improving product quality and creating new jobs. Technologies are becoming the basis for the formation of new economic models and sustainable development, where digitalization and innovative approaches help to overcome economic crises, increase exports and improve macroeconomic indicators. Using the example of various countries, successful strategies for introducing innovative solutions into the economy are studied, which allows us to identify best practices and understand what steps are needed to achieve sustainable economic growth in the context of global changes.