TIME DESCRIPTION OF ECONOMIC REFORMS

Raising of problem. The success of modern business depends not so much from the efficient use of natural resources, but from the fruitful communication between business subjects and timely receipt of the necessary information on the development and implementation of new technologies, which necessitates finding better mechanisms for innovative co-operation of business subjects in conditions of constant transformation of the received knowledge. A research aim is developing the innovative mechanisms for the co-operation of e business subjects by gaining new knowledge in the process of economic transformation. The methodological basis of research was modern regulatory and legislative aspects of innovation. The research uses dialectical methods, methods and principles of scientific knowledge, tools of economic analysis for improve the mechanisms of innovative communication, obtaining the latest information and knowledge of business subjects. The basic hypothesis of research was the assumption of the possibility of improving mechanism of modern communication of e business subjects by interested in combining all available resources, including intellectual, to solve pressing regional and national problems. Exposition of basic material. In the article examines the principles of innovation and identifies the main aspects on which the communication of business subjects in the conditions of constant transformation of existing knowledge. It were analyzed the main indicators, which characterizing the level of innovative achievements and substantiated the measures for effective co-operation of business subjects. The originality and practical meaningfulness of research is confirmed by the proposed improved mechanism of co-operation of business subjects, which based on a certain level of innovative transformations of all communicating institutions and aimed at achieving national, regional goals and development strategies, which based on global challenges problems. Conclusions and prospects of further researches. It is proved that innovative mechanisms of of co-operation of business subjects should include: economic incentives to encourage effective of communication of business subjects; innovative strategies for initiating measures to unite different companies and institutions; reforms in educational activities for lifelong learning in the real life cycle of of business subjects; extensive infrastructure with stable communication links; prospectus for the provision of intellectual services that determine the level of innovative knowledge of human capital. Further research will focus on establishing and improving partnerships, connections and communications between different businesses

business subjects, knowledge economy, innovations, mechanism of co-operation, transformation

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