Innovation processes in Kazakhstan: development factors

Abstract The paper analyzes and assesses the main issues and development factors of innovation processes in Kazakhstan. It is known that in modern conditions of dynamically developing competitive processes and scientific and technological progress, innovations serve as the basis of the national economy and a key factor in ensuring the competitiveness of enterprises. Moreover, today, the economy of the country can successfully compete in the market on the basis of the continuous improvement of goods and services produced as well as the development of new directions. It is also obvious that the development of new products, implementation of innovations and new measures are key performance indicators at both the macro and microeconomic levels. In this sense, an innovative way of socio-economic development of the country is becoming an urgent problem for Kazakhstan. An analysis of the situation shows that in the real sector of the economy, the possibilities of increasing production at the expense of extensive factors are largely exhausted. It is necessary to ensure the modernization of the economy through the introduction of modern technologies and the maximum use of the country’s intellectual potential. The realization of the economic strategy determines the implementation of the main directions of social policy in line with the innovative development of Kazakh society as a whole.