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Science-Innovation Policy – The Most Powerful Contemporary Lever of the State for High Competitive Economic Development

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  • Iliya Balabanov

Abstract

In the “new economy” based on knowledge, the science-innovation policy of the state plays a primary and key role. An attempt is made to analyze and generalize at generally valid (principle) level this policy in USA, EC and Bulgaria as a specific element of the qualitatively new model of economy and society, which entered the developed countries in the 90s of XX century; to evaluate its impact on the contemporary competitive economic development of the analyzed countries; to motivate the unconditional necessity of far-sighted and complex strategy for social-economic development of Bulgaria in the qualitatively new world, in which the science-innovation policy of the state is a decisive factor of development.

Suggested Citation

  • Iliya Balabanov, 2004. "Science-Innovation Policy – The Most Powerful Contemporary Lever of the State for High Competitive Economic Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-50.
  • Handle: RePEc:bas:econst:y:2004:i:1:p:3-50
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    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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