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No. 9 (2025)
Marketing

Articles

EXPERIENCE OF ADVANCED FOREIGN COUNTRIES IN FORMING AN INNOVATIVE ECONOMY

Published 2025-09-30

Authors
Rajabov Alibek Xushnudbekovich
Affiliation
Ma'mun-University NTM "Economics" department associate professor, PhD researcher of Karakalpak State University
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Abstract

This article analyzes the experience of advanced foreign countries in shaping an innovative economy through a systematic literature review (SLR). Employing a method based on the PRISMA guidelines, several scientific sources published in recent years from t he Scopus, Web of Science, and ResearchGate databases were subjected to thematic analysis. The results indicate that in countries such as the USA, the European Union, Japan, and South Korea, multinational corporations, global value chains, and innovations in developing economies have been successfully advanced. Taking into account trends such as artificial intelligence, digital transformation, and sustainable development, recommendations for transitional economies include increasing R&D expenditures, incent ivizing private sector investments, and strengthening global cooperation. The study emphasizes the necessity of adapting innovation policies in developing countries to advanced practices.

Keywords

innovative economy, advanced countries experience, systematic literature review, global value chains, artificial intelligence, sustainable development, cross -border knowledge exchange, developing economies

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