THE ROLE OF TECHNOLOGICAL INNOVATIONS IN MODERNIZATION OF NATIONAL ECONOMY

Abstract

The practice of innovations in the Azerbaijan industry was studied in the article as one of the directions of modernization of the national economy. Throughout the research, the state of practice of technological innovations in the Azerbaijan industry, its impacts on the economic growth, the stimulating actions of the public and the private sector in this direction were studied and technological innovations and their practice to the Azerbaijan economy were reflected as one of the priorities of modernization of the national economy in the circumstances of market relations. Because of using innovations accelerates economic growth, their practice to the economy is one of the main components of the public innovation policy. The achievement of sustainable development in our country also makes the use of innovations in economy, management, production and other areas as well as the use of technological innovations extremely important. The acceleration of practice of technological innovations to the economy by increasing the interest to the use of innovations in the Azerbaijan industry as the priority of the national economy reflects the subject of the article in the context we see.