This paper summarizes the approaches to the definition of the category “economic modernization” and identifies its common and specific characteristics. The basic strategies of modernization and development of innovative processes are considered, the classification of economic modernization depending on a way of its realization and character of plant renewal is presented in this paper. The necessity of the Russian economy modernization is also proved, the purpose, problems and priority ways of its carrying out are formulated. It is argued that Russia needs new industrialization (with the active and coordinated participation of government, business, science and society) with creating competitive industry producing the required products for the country
Keywords
innovative development, modernization, russian economy, strategic priority and guidelines, innovative-technological breakthrough