Fiscal Policy and Institutional Renovation in Support of Innovative Country Building

Download or read book Fiscal Policy and Institutional Renovation in Support of Innovative Country Building written by Jia Kang and published by Routledge. This book was released on 2020-12-06 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the onset of the twelfth Five-Year Plan, China has been at the forefront as an innovative nation based on a carefully designed strategy. Despite this, it can be argued that the Chinese government requires a series of more effective and systematic fiscal and taxation policies. This book analyses the status quo and possible optimization of China’s fiscal and taxation policies. By drawing comparisons with other countries, as well as a practical investigation into the lessons China has drawn from elsewhere, the author shows how a nation should make steadily growing and optimized financial investments in science and technology in order to foster the optimum environment for innovation. It is shown that institutional innovation should be a systematic project which involves top-level design and top-down leadership. This volume will be a useful reference for students, scholars, and policy makes who are interested in financial policy.