Technological Breakthrough: Dominant Priorities, Factors, and Trends of Industrial Growth

The  presented study addresses the  key  problems of  factorial impact on  economic growth  and  its innovativeness. It examines the  priorities of the  dominant impact of innovations on the  implementation of  advanced technological  solutions and  explores the  targeted  relationships between industrial  potential and  technological  paradigm in  the  context  of  common interests  in  the  efficient  consumption of all  types of  resources, including financial and  intellectual resources, which cumulatively have  a  significant  impact  on  competitiveness and  economic growth.

Aim. The  author aims  to provide insights into the  conceptual framework of  industrial growth intensification based  on management decisions and  innovative forms of self-regulation of the  technological process with high added value.

Tasks. This  study examines the  theoretical and  methodological framework of  assessing the  relationships in the  self-regulation mechanisms of economic processes; determines the  dynamics of breakthrough areas in  innovative industrial development  with allowance for the  integration  of  interests  according to  the  target function; shows  the  mechanism of  structural  relationships in  innovative breakthrough development,  factors  and  trends of  industrial growth.

Methods. The  author uses  general scientific and  specific research methods, including the  systems  approach; factor  and  function analysis; methods of  inquiry into  technological  breakthrough in  the  context of  the  policy  of  dominant  priorities and  modern trends in  industrial growth.

Results. A methodological approach of innovative technological breakthrough management is proposed, which involves comprehensive consideration  of  the   influencing relationships  in  the   self-regulation mechanisms of  this process. This  approach makes it possible to  identify the  effects  of  the  laws  and principles of  innovative development at the   macro- and  micro-level, which determines the   potential opportunities for economic growth and  industrial development. Laws  and  principles serve as a foundation for the  policy  of technological breakthrough and  minimization of investment risks, which applies higher requirements to the  system of public administration of development institutions. A mechanism for assessing the   performance of  the   technological  process is  proposed, and   the   potential for economic  growth is  determined.

Conclusions. Application  of  new  principles of  regulating technological  breakthrough  changes the mechanism of reproduction process management, which intensifies the  resource potential of industries with a high level  of  innovation and  efficiency.

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