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Innovation as the basis for sustainable development of national economies of the developing countries (on the example of China)
Abstract.The subject of this research is the innovations viewed as the basis for sustainable development of national economies of the modern developing countries and examined on the example of the largest developing nation – China. The object of this research is the national economies of developing countries that reach relatively stable rates of growth due to establishment of innovative economy. Change from industrial development strategy towards postindustrial is characterized by the increase in production of the high-technology products and is an intrinsic feature of the leading developing countries of the world. The main scientific practical task for this article consists in the yet insufficient realization of the innovation potential, needed in order to ensure sustainable development of the developing countries. The goal of this research revolves around the actualization of the trends of implementation and determination of the key features of innovations as the foundation for sustainable development of national economies of the developing countries (on the example of China). The article substantiates the relevance of the research of issues pertaining to development of innovations on the level of national economy, as well as determines the general characteristics of the global process in development of innovations and projected onto the Chinese economy. The work also examines the stages of formation of China’s innovative economy, as well as provides broad statistical base for implementation of innovations in the China’s research and development sector, scientific educational field, and business innovations.
Keywords: China’s research sector, China’s economy, innovation in China, developing countries, national economy, sustainable development, innovative economy, Innovation, business innovation in China, technological progress of China
Article was received:21-10-2017
This article written in Russian. You can find full text of article in Russian here .