Abstract:

The world economic crises of 1998, 2008 and 2014 form the phenomenon of asymmetry in understanding of academic and applied concepts of economic growth since the middle of the 20th century. Content and comparative analysis show that these views have not been transformed into a universal economic policy designed to solve the problem of recession either in developed or developing countries, and also sufficiently able to take into account the particularities and limitations of a certain social and economic system. The article contains a theoretical rethinking of theories of economic growth from the point of view of the knowledge generation systems, areas of diffusion of innovation and processes of absorption of new technologies, as well as an empirical verification of the modern understanding of the concept of the technological gap for E7 and G7 countries.