Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)

multinational corporations

Development of Innovative Business and its Clustering in the Conditions of Globalization

Introduction. Modern economy in the context of growing globalization needs in forming effective innovative mechanisms and functional models of innovation development. Theoretical analysis. Globalization as a process covering all areas of social development has a strong influence on innovation policy, until its strategic aims, directions and mechanisms of implementation. One of the challenges of globalization becomes an innovative development of States.