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BEST SCIENTIFIC
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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