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Success factors of Asia-Pacific fast-developing regions' technological innovation development and economic growth

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  • Success factors of Asia-Pacific fast-developing regions' technological innovation development and economic growth
  • Litsareva, Elena
  • Science China Press


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Title Success factors of Asia-Pacific fast-developing regions' technological innovation development and economic growth
Similar Titles
Material Type Articles
Author(English)

Litsareva, Elena

Publisher

China : Science China Press

Date 2017
Journal Title; Vol./Issue International Journal of Innovation Studies:vol.1(no.1)
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Economy < Economic Conditions
Holding SciEngine
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Abstract

Asia‐Pacific’s fast‐developing countries and regions (FDCs)—South Korea, Taiwan Province of China, Singapore, Malaysia, and Thailand—demonstrate the most successful economic development models. The government represents the primary guarantee of FDCs’ economic and social construction. Public and foreign investments and government policies to stimulate local and foreign businesses play a decisive role in the development of technological innovations in these FDCs. In these countries, basic research is increasing through the development of knowledge‐based industries, the role of research institutes, the applied research undertaken, and the value of educational institutions. Close cooperation between science and industry led to a change in the structure and nature of the economy, which has become increasingly dependent on new knowledge and ideas.