FACTORS OF INNOVATIVE DEVELOPMENT OF BANGLADESH ECONOMY IN MODERN CONDITIONS

The activity level of innovative factors determines the dynamics and the quality of the current conditions of the world economic interaction system. In this connection the article specifies the possibility to foster innovations in Bangladesh in the context of globalization. Objective of the research is to conduct a comprehensive and systematic analysis of the problems and prospects of formation of innovation-oriented development model of the economic system of Bangladesh, and develop guidelines based on the obtained results for the use of innovative acceleration factors of industrialization and modernization of the Bangladesh economy. Several ways of prioritizing the Bangladesh innovative development course are proposed. The formation of innovation-based Bangladesh economy should be considered as a mechanism of joint cooperation between the public, private and non-governmental organizations and business entities, which involves the creation, storage and dissemination of new knowledge and technologies on the basis of the relevant regulatory support and within the state-implemented policy. The national system of innovation development of Bangladesh should provide a type of interaction between science, industry and society, where innovations would serve as the basis for the progress of the economic system and society, and the needs for development of innovative economy would acquire the status of an accelerator of improvement and deepening of scientific activity. The ways and directions of innovative development of the economy of Bangladesh, as well as the most important stages in the formation of an innovative economy in the country are identified in this paper.