FORMULATING A SUSTAINABLE INNOVATION AND INVESTMENT DEVELOPMENT STRATEGY: COMPARATIVE INTERNATIONAL ANALYSIS
Keywords:
Sustainable innovation; investment strategy; economic development; comparative analysis; innovation ecosystem; R&D policy; global competitiveness; technology management.Abstract
Sustainable innovation and investment have become critical determinants of economic resilience and global competitiveness in the context of accelerated technological transformation and environmental pressures. This study aims to develop a comprehensive strategic framework for fostering integrated innovation and investment policies based on a comparative international analysis. Using data from the World Bank, OECD, Global Innovation Index, and UNCTAD, this research evaluates the innovation capacity and investment effectiveness of developed and emerging economies between 2018–2023. Employing comparative and correlation analysis, along with strategic modeling, the study identifies key policy drivers including R&D intensity, foreign direct investment flows, institutional governance quality, and human capital development. Findings reveal that economies combining innovation-driven policies with sustainable investment strategies demonstrate higher productivity growth, technological advancement, and industrial diversification. Countries such as South Korea, Germany, and China show strong performance due to structured innovation ecosystems and proactive government support. The research concludes by offering a strategic policy model for developing economies seeking to enhance innovation efficiency, attract investment, and foster sustainable economic growth.
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