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The transformation of the economy into an innovative socio-economic system is the basis for fundamental changes in the modern world, radically changing both the nature of labor and the main productive forces, and the appearance of society, the level and quality of its life. The content of the transition of the economy to a new stage of development is such processes as a change in the technological basis and model of economic management, strengthening of its social orientation and, finally, globalization. A fundamentally new technological basis of society is being formed today, a key role in which is played by information computer systems, nano- and biotechnologies, which have an innovative character and dynamism as their distinctive feature. The ongoing intensive development of the needs of society, science, technology, information determines both the expansion of the diversity of existing factors and models of economic growth, and the emergence of new ones.

An Innovative Model of Economic Development of the Market