Features of the Innovative Development Industry Enterprises in the G7 Countries

Abstract

The food industry is the most important and vital type of economic activity in the international arena, especially in the G7 countries. In the research process, the main problem is identified, which concerns the imperative of the development of the food industry on an innovative basis. Peculiarities of innovative activity of the food industry have been highlighted for a long time in the scientific works by outstanding specialists of the world. The problems of the functioning of the food industry on an innovative basis in the G7 countries are identified. The task setting is to determine the basic principles for the development of innovative activity of food industry sectors; study of the main trends in the innovative development of food industries in the G7 countries. The aim of the study is to identify innovative aspects of the activity of industrial enterprises of the food industry of the G7 group countries. The main methods that were used in the process of conducting the study are analysis, statistical, comparisons, legal regulation. The features of the current state of food industry development in the countries of the G7 group are investigated. The assessment of the main economic indicators of the food industry on an innovative basis in the countries of the G7 group. Positive aspects of development and factors hindering the functioning of the food industry have been identified. The scope of the research results is socio-economic development