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Compulsion to Innovations is Needed

Author: Boris L. Kuznetsov, Dr. Sc., Prof., Head of Enterprises Economics Dept.; Ilnar L. Zagitov, postgraduate of Enterprises Economics Dept.

Abstract: The article observes the situation in the innovation sphere of Russian economy and puts forward suggestions on how to compel economic entities to spur innovation activities.

Key words: machinery manufacturing; modernization; production; technology; innovation; inventions; technical decisions; economy; reconstruction; reengineering.