In todays dynamically changing era, countries determine their development path through the development of intellectual property. The introduction of limitless scientific achievements in all spheres of society requires further improvement of the sphere of intellectual property in our country. This article examines the role of intellectual property in the innovation economy and important aspects of its development. Nadida Nasirillaeva "The Importance of Intellectual Property in the Formation of an Innovative Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Innovative Development of Modern Research , April 2021, URL: https://www.ijtsrd.com/papers/ijtsrd40072.pdf Paper URL : https://www.ijtsrd.com/humanities-and-the-arts/economics/40072/the-importance-of-intellectual-property-in-the-formation-of-an-innovative-economy/nadida-nasirillaeva
International Journal of Trend in Scientific Research and Development (IJTSRD)
Special Issue on Innovative Development of Modern Research
Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
ID: IJTSRD40072 | Special Issue on Innovative Development of Modern Research
Page 106
The Importance of Intellectual Property in the
Formation of an Innovative Economy
Nadida Nasirillaeva
Tashkent State University of Economics (TSUE), Tashkent, Uzbekistan
ABSTRACT
In today's dynamically changing era, countries determine
their development path through the development of
intellectual property. The introduction of limitless scientific
achievements in all spheres of society requires further
improvement of the sphere of intellectual property in our
country. This article examines the role of intellectual
property in the innovation economy and important aspects
of its development.
KEYWORDS: intellectual property, human capital, GDP, World
trade organization, World Intellectual Property Organization
(WIPO), trademarks, commercialization
INTRODUCTION
Innovations are the most important factors in the
modernization and diversification of the economy, ensuring
its dynamic development and competitiveness, and further
increasing the role and authority of the country in the world
community. Therefore, today every state pays great attention
to the wide use of innovative opportunities to ensure the
stability of its economy and improve the well-being of the
population. Innovation is based on intellectual property. The
importance of intellectual property in the formation of an
innovative economy is invaluable and closely interrelated.
Head of our state Sh. M. Mirziyoev noted: "If we do not raise
the issue of intellectual property to the level of state policy,
then Uzbekistan will not be competitive in 10 years.” [1]
In today's era of rapid changes and updates, it is necessary
not to limit with the existing achievements, but to intensify
work on the development of new, based on the requi