Competition as a Stimulating Factor in the Development of Science Intensive Sectors

Abstract

The competitive struggle of economic entities is considered through the improvement of their products and services as a stimulating factor in the development of science intensive sectors. The purpose of the study is to determine the significance and role of innovations and high-tech industries as conditions for increasing the competitiveness of manufacturing companies based on the analysis of knowledge intensity of Russia. A brief description of the definition of «science intensive sectors», indicates the areas of production that most often use high-tech equipment and are science intensive is described. The situation related to competition and innovation in the global market is presented. It studies the level of knowledge-intensity of Russia by the financial component of scientific and technological capacity and by the staffing component based on government statistics. The competitive situation in the Russian market is considered based on empirical evidence presented in statistical compendiums. Both mathematical and empirical research methods are used drawing on official statistical information. The scientific novelty lies in an interdisciplinary consideration of the issue of competition, identifying resources and conditions for implementing innovations, determining the most popular areas of science intensive sectors, and highlighting innovative competition as the most important target tool for competition of manufacturers. As a result of the research, it was proved that competition is a stimulating factor in the development of science intensive sectors. Data on the use of funds and resources by Russian companies to research and development in order to improve their products and their competitiveness is provided.