Management of innovation development: critical evaluation of the international economic relations

The problem of the geopolitical stability country has always been basis sustainable economic development. CIS countries and their closest neighbours are international centres where important transport communication routes from Asia to Europe intersect. They have a wide range various raw material reserves, which focuses world community's attention builds separate vector relations. transformation processes that taken place in recent years due scientific technological progress, intensity global innovation, globalization trends, encourage move new level This article summarizes arguments counterarguments within discussion on prospects countries' position formation for innovative main purpose study is confirm hypothesis about functional links between foreign trade investment activities development according economical study's methodological tools were methods correlation-regression analysis simultaneous structural equations, allow formalizing both explicit latent relationships studied objects. period was chosen 2011 2018 because statistical data availability. In this regard, array input presented form regressors identify innovation three dependent variables (regressands) indicate dynamics turnover, doing business total internal conditions. Besides, each defined block participate as independent during construction model. results could be useful Innovation Agencies, established under Ministry Transport, Communications High Technologies these assist local entities acquiring modern technologies solutions