China's Propensity for Innovation in the 21st Century: Identifying Indicators of Future Outcomes

Abstract

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Institution of Higher Education and Science as a Factor of Economic Development

“…The modern economy is undergoing a structural transformation that enhances the role of knowledge and technology for economic development. Institutional change is required to create new knowledge and technologies that improve the link between production and innovation (Goden, 2010;Golichenko, 2014;2020;Leydesdorff, 2010;2012: 25-35;Popper et al, 2020). The main positive effect of creating effective institutions is to reduce uncertainty and increase the stability of society.…”