The Discourse of the Development of Innovation Power’s Asynchrony of the Eu Member States

Abstract

The article examines the differentiation of economic indicators of European Union Member States' economic, scientific, and technological development in the context of the asynchrony of the European Union innovation force’s disposition. It determines the existing connections between the national scientific and technical policies/strategies of the European Union Member States in integration and economic cooperation. As a result, it was found out that today, the economic growth of European Union Member States is no longer determined by the sole factor of their better access to aspects of production. More critical are the cross-border technological chains that determine the dynamics of the centrifugal forces of the integration association, the mechanisms of economic convergence and the "repulsion" of the European Union. It is concluded that in current conditions, the objective feature of the interaction of economic integration and innovation of European Union Member States is that the higher the capacity of the internal market, the greater the amount of profits and the ability to write off costs associated with innovation and inventions in the increase in sales volumes. Companies operating in a more extensive integrated market with a global level of competition have a higher innovation motivation. In modern economic realities, innovation policy in the European Union is based on delegation of differentiated powers to the regions; development, evaluation, implementation and monitoring of regional innovation strategies, which determine the development priorities of each region based on its competitive advantages and compliance of the strengths of the innovation sphere with business needs; prompt response to European market trends, avoiding duplication of effort. Some regional innovation strategies, based on support for cluster initiatives and public-private partnerships, have been developed by the industrialised European Union Member States such as Austria, Belgium, Germany, Spain, Italy, and France.