Best scientific research 2022
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RESEARCH - 2022 45 Stock market values also have fallen, unemployment has risen, and general economic development has slowed, emphasizing the need to direct financial resources and set national goals. Countries no longer have the luxury of being inert and reactive in times of economic shortage. Instead, they must be proactive and forward-thinking in order to lay the groundwork for long-term economic recovery. Hence, the obvious way for the solution to the issues, outlined above, is via digitalization and the statistics of most innovative economies of the world also shows how inno vation economy and digital transformation can pay off for the countries’ future prospects. The most Innovative Economies in the World (2021) [4] The ranking takes into account parameters such as R&D spending, the number of domestic patent applications, and the number of domestic public high-tech enterprises. According to our chart, South Korea received 90.49 points out of a possible 100. The BEST SCIENTIFIC RESEARCH - 2022 46 Netherlands and Denmark improved the most among the top 10, moving four and two places, respectively. As an example, the country with the highest score of GDP in the world is chosen for further analyses in this article, namely the United States of America. Therefore, the latest statistics also brightly indicated the importance of innovation as well as digitalization for the improvement of GDP and the general growth of economic stability of a state. Today more attention is paid for the creation of more job facilities for the folk by encouraging especially youth and middle-aged people to invent their own innovative start- ups and set up their private business which unlocks an opportunity of organizing more job chances for others. The government organizations are putting an effort on enhancing the public along with state relations to have superior link for the acceleration of the whole economic increase in the country. The best instance for this is, obviously, Silicon Valley which boosted the economic development of California by improving the STEM sphere, which ensured the proper economic preeminence in the state. Moreover, digital financial services face the same mix of opportunity and difficulty, collaboration and rivalry, and various, often new, stakeholders. In a world where about 2 billion individuals lack access to fundamental financial services, digital technology offers unrivaled potential to provide safe, low-cost, and dependable transactions for the unbanked or underbanked. Financial inclusion is an important step toward socioeconomic progress. Leaping ahead of traditional banking to provide financial services can have a significant influence on the disadvantaged throughout the developing countries. Because, some financial analyses showed that state policies and programs which most effectively promote entrepreneurship, innovation, technology development, and job creation are grounded in market reality, which means that a state should build on its existing core industries and technological advantages while also having the foresight and resources to pursue opportunities in growing and emerging sectors. Therefore, the latest data about the highest GDP percentages among world’s most developed countries where America took the lead among others. |
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