WORLD EXPERIENCE OF STATE-PRIVATE PARTNERSHIP IN THE INNOVATIVE ACTIVITY AND PRACTICE OF THE RUSSIAN FEDERATION AND THE REPUBLIC OF KAZAKHSTAN

Abstract

This article describes the development of the country’s innovative potential and innovations, as well as the role of public-private partnership (PPP) in the field of innovative economic development as a factor of sustainable growth and competitiveness of the national economy in the context of globalization of economic relations. The authors provide an analytical review of the Law «On Public and Private Partnership» of the Republic of Kazakhstan and, in particular, regulation of innovation activity and analysis of innovation costs by sources of financing, as well as the experience of PPP in Kazakhstan and Russia. The paper also presents the international experience in the development of innovative economies in a number of countries such as Austria, Israel, Finland, Canada and others. The constraining factors of the development of cooperation in the sphere of public and private partnership are determined and recommendations are given on the use of its mechanisms in the development of innovative investment in the domestic economy.