Technological Modernization in the Modern World Economy

Abstract

The subject of the study is the progress of technological modernization in China, the USA and European countries. The purpose of the work is to substantiate the strengthening of global technological competition and the activation of scientific and technical policy as the main direction of modernization in the world, i.e. the process of updating political, economic and social systems in accordance with the needs of the time.

The article analyzes the main provisions of the “Made in China 2025” program, shows the results and further initiatives of the CPC for the development of science and innovation. The data on contradictory external assessments of this program are presented.

It has been established that the rapid growth of global competitiveness of Chinese manufacturers, imbalances in foreign trade flows in Western countries, and the threat to the leadership of the United States and the European Union in the latest areas of technological development required developed countries to adopt retaliatory economic modernization programs.

Based on extensive statistics on the progress of scientific and technological development published by the OECD and the European Union, a comparison of indicators of the level and dynamics of the development of research and development (R&D) in industry and country sections was carried out, the leading role of information technology companies was shown, ways to counter the EU and the United States to the “Chinese threat” were considered.

Based on the analysis, conclusions are drawn about the prospects of global technological competition and the need to revise traditional ideas about the creation of new technologies.