From Institutional Change to Innovation-driven:A Comparative Study on the Modernization Transformation Path of East Asian Developing Countries

Under the globalization background, most East Asian countries are facing pressure to change their policies and transform into innovation-driven development. The international society has closely noticed the choices of their modernization. This study primarily focused on how developing countries in East Asia can transform their economic structure and achieve Sustainable development through innovation, supported by institutional changes. This study focused on China, Japan, and South Korea to investigate their institutional changes and innovation-driven policies in different historical time periods, and analyze the development of their strategy. This study aims to provide references for other developing countries, especially those that are facing similar transforming difficulties. East Asian developing countries success can be a good reference for setting an effective innovation-driven development strategy. The study can also help to deeply understand the complex relationship between innovation, technology change, and policy change, and provide theoretical support for similar policy-making.