Government Promotion of Science and Technology – Related Policies on the Global Horizon
In today’s knowledge economy, one of the most urgent public needs is scientific and technological advancement. One of the Chinese government’s main functions is to fulfil this need. Research shows that: 1. The government plays a crucial role in enhancing scientific and technological development. 2. It can provide key support in vast range of specific fields such as energy, IT, biology, nanotechnology etc. For an allocated period, the government is using data on development trends in science and technology, market needs and a merit-based resource allocation principle to assess which fields should receive priority state support. This is particularly important in developing countries because of budgetary pressures limiting the funds channelled into scientific research. Optimisation of this limited funding is a pressing question for all countries in the same predicament. 3. The government can achieve scientific and technological progress through the combined effects of a system that encourages innovation, emphasizing the importance of human resources, granting tax cuts and providing preferential credits.
