Innovative development: characteristics and catch-up development features

The subject of the research in this article is the consideration of the concept of catch-up development in the context of the general paradigm of innovative development. The aim of the work is to reveal the content, to reveal the main characteristics and features of the new catch-up development. An analysis of existing approaches to the interpretation of the category catching up with innovative development is being carried out. The need to clarify the concept, taking into account post-industrial challenges, is revealed. It shows the expediency of interpreting catch-up innovation development not just as the introduction and adaptation of borrowed innovative solutions, but also as the formation of new institutions and mechanisms that facilitate the adaptation of innovations and expand the scope of their use. The need to use the comparative advantages of the national economy as a driver of catching up innovative development is disclosed. The conclusion is drawn that the formation of effective institutions for the development of human capital and innovative institutions is promising to meet the challenges of Russia’s catching up innovative development in the post-industrial world.