Conditions And Problems of Innovation Economy Formation and Innovative Development Management of Russia's Socio-Economic System at The Present Stage

The article identifies the significance of the innovative development of Russia's socioeconomic systems and the influence of several external and internal factors on the level of the national economy. The purpose of the study is to define the modern concept of the innovation economy, its fundamental components, and main characteristics allowing to effectively carry out innovation processes in the country's socio-economic system to achieve sustainable growth of the economy. The study explores the modern structure of a socio-economic system with consideration of the institutional approach. This structure supports the idea that one of the fundamental goals of the development and implementation of innovations, including the directions of innovation associated with the formation of a competitive and effective market environment, is the ability to use the entire complex of state and market instruments of influencing economic processes in abandoning globalization and returning to the defense of national interests. The actions of state authorities for the innovative development of the Russian economy are briefly identified. The characteristics, ways, and mechanisms of innovation management described in the article, as well as the identified and substantiated disadvantages, allow making adjustments to the ongoing measures for the development of innovation processes in socio-economic systems.