I.S. Sandu, N.E. Ryzhenkova
Summary
The article shows examples of market mechanism application of innovations implementation based on the experience of the countries with advanced economies. The analysis is based on the agriculture industry. In the article innovation activity encouragement methods are presented. Government’s influence on the companies’ innovation activity is analyzed as well as tax remissions of the companies involved in agriculture R&D in a series of advanced countries. By using this long-term overseas experience Russian Federation can greatly benefit to speed up its innovation processes in rural economy. The article’s aim is to suggest the way to speed up innovation process.
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