les cahiers du mecas
Volume 20, Numéro 2, Pages 66-80
2024-12-14
The Impact Of Research And Development Investment On China’s Economic Surge : An Analysis Of Growth And Innovation
Authors : Bezzar Mohammed Soufyane . Bensaoula Sarah .
Abstract
China, now the world's second-largest economy, is now the world's factory. What is perhaps less well known is that this country has embarked on a fundamental movement that should enable it, in the medium term, to join or even overtake the leading countries in terms of research and development. The importance of research and development in China’s economic take-off lies in its critical role as a driver of innovation, enabling the economy to diversify and position itself globally. Additionally, R&D investments promote the creation of skilled jobs and knowledge transfer, which are essential for sustainable economic development. The results demonstrate how R&D has been instrumental in shaping Chinas’s rapid economic growth and it’s future trajectory.
Keywords
Research and Development Investment ; Growth ; Innovation ; China
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