Competition policy for technological innovation in an era of knowledge-based economy
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TL;DR
The problems and solutions the authoritative institution faces when formulating and executing competition policy that government should formulate to stimulate technological innovation are explored.
Abstract
The knowledge-based economy has become the major trend in international society in the 21st century. Exploring the characteristics of the knowledge-based economy and establishing an appropriate economic paradigm for accelerating technological innovation is an urgent task for governments. Therefore, in a knowledge-based economic system, the issues concerned with the challenges and the adaptation of competition policy require profound discussion. The purpose of this paper is to explore the problems and solutions the authoritative institution faces when formulating and executing competition policy that government should formulate to stimulate technological innovation.