Prospects of Mongolia in the Hi-Tech Era: Economic Impact of Innovative Development

DOI

10.2991/icefb-19.2019.23How to use a DOI?

Keywords

Mongolia; innovations; agriculture; green energy; barriers; prospects

Abstract

Innovations are the main drivers of growth in the modern world. The development of new technologies allows the economies of the countries, by introducing them to benefit from higher revenues and provide better living standards for their citizens. At the current stage of development Mongolia is in desperate need of the new technologies in its economy, especially because these innovations can allow its economy to develop faster and steadier. In this article the authors discuss the main directions of innovative development of the country and the possible ways of their implication in the economy of the country, revealing the key issues in this process. The aim of the article is to prove the ineffectiveness of innovations in the Mongolian economy at the current stage and develop the ways of enhancing their productivity in the country’s economy.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ekaterina P. Rusakova
AU  - Nikita S. Kovalev
AU  - Aleksey A. Galustyan
AU  - Dmitry D. Startsev
AU  - Ilseiar N. Gubaidullina
PY  - 2019/12
DA  - 2019/12
TI  - Prospects of Mongolia in the Hi-Tech Era: Economic Impact of Innovative Development
BT  - Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
PB  - Atlantis Press
SP  - 92
EP  - 95
SN  - 2352-5428
UR  - https://doi.org/10.2991/icefb-19.2019.23
DO  - 10.2991/icefb-19.2019.23
ID  - Rusakova2019/12
ER  -