Law in Interaction with Politics, Economics, and Science within the Institutional Environment of Innovative Activity (a Civil-Law Approach)

Abstract

Under conditions of technological transformation, the determining factor in ensuring technological sovereignty is the quality of the institutional environment for innovation activity, which is directly linked to the effectiveness of the interaction between law, as the basic institution of such an institutional environment, and its other foundational institutions — politics, the economy, and science. The study established that, at the present stage, law not only fails to exert a positive influence on the specified institutions of the institutional environment for innovation activity, but in certain respects also creates additional regulatory barriers to their development. The paper identifies a persistent structural imbalance of the institutional system, predetermined by a range of defects in the legal regulation of innovation activity and by the lag of legal regulation behind the dynamics of technological processes. The study has demonstrated that law functions in a «catch-up» regulatory mode, failing to provide the expected institutional synergy in the sphere of innovation activity and the required anticipatory legal regulation.