The opportunity matrices for chain innovative transformation of economy: the CITE concept

Proceedings of The 8th international conference on Management, Economics and Humanities

Year: 2018


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The opportunity matrices for chain innovative transformation of economy: the CITE concept

T.I. Vorobets , V.V. Oberemok



The arsenal of methods available to economics can be enriched by examining its problems from different points of view and using technologies developed from complex natural systems. In this study, using the example of the creation of opportunity matriсes, we describe a method for chain innovative transformation of economic processes using an intersectoral GDP matrix directly analogous to the DNA matrix in the polymerase chain reaction that revolutionized molecular biology. The idea behind the creation of the GDP matrix is to obtain innovative products and opportunity matrices, which will be formed by chains of sectors of the economy using the following algorithm. The most innovatively developed sectors of the economy are located at the edges of the GDP matrix according to the queue (for example, 1-3-5-7-8-6-4-2). In such a scheme, innovatively less developed sectors of the economy, located in the middle of the GDP matrix, have the most contacts, which give them the opportunity to gain more skills and abilities. The most distal sectors of the matrix have fewer contacts, but in view of greater economic development, they will generate the innovative ideas and be the last link forming or receiving the end-product. Each newly formed opportunity matrix (GDP’) can serve as a template for the creation of new innovative ideas and products. Using the proposed approach, the economic miracles of Singapore, South Korea, and Hong Kong are considered along with the prospect of innovative development for African countries that have not yet undergone industrialization.