Financing innovative development of TNCs

Abstract

At the present time when the global economy is undergoing the next stage of scientifi c and technological revolution, innovation becomes an important factor of competitiveness. Transnational corporations are objectively serve the dominant power of the world economy Russia faces the task to improve the quality of economic growth, to become a country that allow growth not only due to raw material industries and export their products, but also due to intensive factors create an innovation-based economy, to make innovation a key factor as economic growth and beautification of the export structure. This article will also discuss some of the innovative development financing instruments used by developed countries.