Abstract
The paper focuses on trends in innovation and high technology in the COVID-19 crisis and the contribution of these trends to the transition to a new quality of economic growth in the Decade of Action. The research is based on regression, correlation, trend analysis, and variation analysis on the example of the G7 and BRICS countries in 2019–2021. The article contributes to the literature by clarifying the scientific statements of the Theory of New Quality of Economic Growth from the perspective of innovation and high technology. It is proved that the COVID-19 crisis caused not a recession but a rethinking of innovation and high technology—changing their role from a catalyst for accelerating the rate of economic growth to a source of improving the quality of economic growth. The paper substantiates that the effects of the COVID-19 crisis are not so much related to a decrease in the rate but rather to an increase in the quality of economic growth. The author demonstrates that the prospects for a new quality of economic growth and its definition in the Decade of Action are determined not so much by economic crises as by innovation and high technology as mechanisms of economic crisis management. This offers great opportunities to improve the quality of economic growth in the Decade of Action through the management of innovation and high technology, which is much more manageable than economic crises.
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Popkova, E.G. (2023). Innovation and High-Tech Trends and Their Contribution to the Transition to a New Quality of Economic Growth. In: Makarenko, E.N., Vovchenko, N.G., Tishchenko, E.N. (eds) Technological Trends in the AI Economy. Smart Innovation, Systems and Technologies, vol 625. Springer, Singapore. https://doi.org/10.1007/978-981-19-7411-3_1
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