Economics of Technological Development: Principles, Problems, Prospects

#6. The Charm of Unattainable Peaks
Economics of Technological Development: Principles, Problems, Prospects

The article dwells on the basic principles and problems of technological development that arise from the specifics of certain technologies. The choice of technological capabilities at the individual and firm level cannot comply solely with the investment logic of decision-making, as the technologies life cycle includes unpredictable effects that can significantly improve the return, which cannot be anticipated at the initial point of transition from one technological opportunity to another. Technologies are characterized by special properties, which have a decisive influence on the course of technological development. And these properties are not characteristic for other types of goods, this fact fundamentally distinguishes formation of demand for new technologies and affects the options for their use. Any technology consists of a kind of nucleus and variable periphery, is characterized by various kinds of animation effects and can also be an integral element of the combinatorial effect in the sphere of technologies. Owing to this “frame” that defines the structure of technology, it acts as a kind of a rule that determines the behavior of agents and conditions for developing the service infrastructure. Existing models of economic growth do not fully take into account the microeconomic institutional properties of technology, creating a pseudo-correct image of technologies’ impact on the system’s growth. In this regard, formation of the theory framework for the economic system processability will provide the necessary guidance in describing and investigating technological and institutional changes and economic growth, which are highly dependent on them. The aggregate productivity of factors also becomes to a significant degree a system parameter, dependent on overall technological applicability and institutional changes. The article describes the main characteristics of functioning of the fundamental research sector, which acts as the generator of all subsequent technological changes in a long range of economic development.

Science as a Natural Resource of Development, Irreplaceable Instrument of a Country’s Modernization and a Global Project

#9. Preserving humanness
Science as a Natural Resource of Development, Irreplaceable Instrument of a Country's Modernization and a Global Project

The article discusses two approaches to assessing the relationship between Science (grasping principles of nature) →Engineering (application of science) →Technology and Innovation (making engineering useful for public good and/or commercial gain) and their role in formation of economy. It is considered in relation to the Soviet history and economic development as well as in conjunction with planning, social policy and education. The philosophy of the process is at attempt to be analysed the achievement of the status of the superpower.

“Space” Strategic Matrix: Concentration of the Russian Competitiveness Key Factors in the Struggle for Dominance in Strategic Business Areas of the Global Economy

#5. Space Like a Punishment
“Space” Strategic Matrix: Concentration of the Russian Competitiveness Key Factors in the Struggle for Dominance in Strategic Business Areas of the Global Economy

Efficient use of space technologies and systems enables us to construct a model of techno-mediated social-economic progress, which will determine the format of states’ and corporations’ dominance in strategic business areas. Space is becoming a bifurcation point of conservation — of real-national sovereignty of those countries that are interested in it and can afford it. It is necessary to form a comprehensive space activity strategy for concentration of the Russian competitiveness key factors in the struggle for dominance in the world economy.