Government Intervention in High-Tech Industrialization: Strategies for Sustainable Growth and Innovation

Qingxiao Du; Runping Du

doi:10.62051/ijgem.v6n3.07

Authors

Qingxiao Du
Runping Du

DOI:

https://doi.org/10.62051/ijgem.v6n3.07

Keywords:

Government Intervention, High-tech Industrialization, Sustainable Development, Innovation Policy, Market Failures

Abstract

This study examines the role of government intervention in China's high-tech industrialization, highlighting the challenges and market failures that hinder sustainable growth. China's rapid industrialization and technological progress are guided by government policies, yet issues such as misaligned roles, inconsistent implementation, and innovation system delays remain barriers. The paper draws on successful practices from developed nations to propose strategic adjustments that optimize governmental support for high-tech industries. Key strategies include addressing energy, resource, and environmental constraints through technological innovation and policy adjustments. Emphasizing an enterprise-centric approach, the study advocates for dynamic government intervention tailored to China’s unique context, ensuring a balance between market forces and state support. These recommendations are crucial for transforming China’s economic growth model into a more sustainable and resilient system of high-tech industrialization.

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