Research On China’s Technological Innovation And Economic Growth Under The "Middle Income Trap" Challenge

Since the reform and opening up chinese economic develop fast,china has now entered the ranks of middle-income countries,But this time some related issues appears,the past more extensive economic growth pattern has begun to not suit to our economic development needs, lack of new driving force for economic development,meanwhile,rapid economic growth has led to some contradictions has not been satisfactorily resolved in the process of economic operation,but in this time,these contradictions began to emerge in different ways,such as excessive urbanization, the gap is too large, industrial upgrading blocked questions and so on., in this double dilemma of oppression, if our country does not take appropriate measures likely,it may fall into the "iddle income trap",economy stagnation.such as Chile,Brazil,Malaysia and other countries,thay has successfully entered the middle-income countries in the1970s, because its economic development model has no significant changes and its past hidden drawback also slowly emerge in the development process,Leading to economic stagnation, fall into the "middle income trap".But there are some countries successfully cross he "middle income trap", enter the high-income countries,due to adopt effective policies and measures,such as South Korea in Asia,it took12years to span the "middle income trap" since1983,when in1995the per capita GDP arrive around$11,000,smooth entry into the ranks of high-income countries.So for the challenges of middle-income trap,As long as our country develop appropriate and effective policies and measures according to specific conditions,It is possible to smoothly across the "middle-income trap "to enter the high-income countries.Based on the analysis of past literatures,we understand the meaning of the middle-income trap, Point out that the middle-income trap is per capita income in a country or region reached after the middle-income level, due to the lack of new growth engine of economic development,At the same time, the accumulation of contradictions in the past to make the economy development stagnate,unable reach the ranks of high-income countries.For its causes, scholars narrate in different perspectives,the key point that a country or region is difficult to get into the high-income countries is lack of technological innovation capability,Europe,America, Japan, South Korea and other countries who smoothly across the midd le-income trap all have a higher technological innovation capability,The reason why their economies leap into the high-income countries is that there is self-innovation by means of advanced technology at home and abroad,emphasis on science and technology are primary productive forces,is an important driving force of economic growth,is an important factor that products can be invincible in the international market.At the same time,when we review related literature about the technological innovation and economic growth,elaborated technological innovation is an important driving force for economic growth,in other words,the middle-income trap problem is also related to economic growth,why they got into the middle-income trap is due to weak economic growth.So, whether it is across the middle-income trap or is to promote economic growth, the key point lies in technological innovation.From the perspective of technology innovation, this article start with the theoretical aspects details explain about the relationship between self-innovation, imitation innovation and economic growth, explore how the role of technological innovation in economic growth,what’s kind of mechanism technological innovation have an effect on economic growth, And make possible paths about chinese technological innovation from empirical paper constructs an extended MRW model,introduce human capital, physical capital and R&D capital into the model,verify possible paths of technological innovation through the corresponding data,make out what kind of development path suited to China,at the same time,raise the appropriate policy guidelines to enhance technological innovation,promote economic growth,So that our country can smoothly across the middle-income trap.The full text is divided into seven sections: The first chapter introduces the research background and significance, At the same time, summarize thesis research idea, method and innovation.The second chapter discusses the research status at home and abroad about the "middle income trap",research status of technological innovation and economic growth issues,and proposed the perspective of technological innovation and its relationship with economic growth.The third chapter analyzes successful experience about European countries and emerging industrialized countries that have been across the "middle income trap" and failture lesson about Latin American that have fallen into the "middle income trap",provide useful lessons to china that is in the middle-income ranks want to get into the high-income.Meanwhile, describe the current status of China’s current economic growth,discuss defect which may make china fall into the "middle income trap".The fourth chapter describes the definition and classification of technological innovation,analysis of innovation and imitation innovation mechanism on economic growth,Finally, Put forward technology innovation path selection that across the "middle income trap".The fifth chapter describe technological innovation status quo about china when it is in middle-income ranks. Meanwhile, propose existing problem about technological innovation status quo. The sixth chapter verify the proposed path of technological innovation using empirical data analysis,explore the path of technological innovation on better. The seventh chapter summarizes this article accordingly,and put forward policy recommendations about china that want to across the "middle income trap" from the angle of technological innovation.