INNOVATIVE ECONOMY IN THE LIGHT OF REFORMS AND BUSSSINESS MODERNIZATION

It is widely obvious that the modern business depends on many new previously unknown factors:innovations, technology expanding, information dispersion and collection, culture, imaginations,and other intangible productive factors. This paper deals with some of the unexpected changes thatwe could recognise as the most influential ones in the new economy era. Purpose and findings of thesubstantial theoretic and empirical analysis are oriented to the modernisation and sophistication oftoday business, especially in developing, emerging and small countries. All of them are exposed tosevere market reforms, in order to be more efficient and effective in global and regional level. Thispaper contains the analysis of content of global development documents and literary materials,as well as cross-referencing of statistical and other available data. The findings of this study couldresult in better orientation of industrial policies and clearer path for the future broader researchesto be conducted in this field