Gulf innovation systems : formation features and development prospects

Abstract

Purpose: The conditions for interaction of innovative process participants, the features of creation and development of technology transfer systems in the Gulf States are considered. The authors have shown the need for a research on innovative processes of the countries whose state policy directions are the positive social and economic dynamics, the increase in national competitiveness, and the diversification of national economy. Design/Methodology/Approach: Investigating the problems of technological transfer in these countries and the systematic approach we have found reflection in application of all elements of innovative processes (the states, spheres of science, the industry, etc.), which allows for revealing prerequisites of technological development of the GCC economy. Findings: There is a need for activization of innovative processes in all spheres of national economy in the GCC and search for mechanisms of ensuring innovative development of the national firms. Practical Implications: On the basis of the analysis of national innovative systems functioning in the GCC countries, the authors have identified the most perspective directions of integration development in the scientific-educational and production spheres. Originality/Value: Positive socio-economic dynamics, improvement of national competitiveness, diversification of the national economy are priority areas of the GCC countries’ state policy, which determines the need to find and form effective mechanisms ensuring innovative development of national economies, as well as transfer of knowledge and technologies.