Modernization and innovation: Economic and institutional role

Abstract

This article proposes an interpretation of modernization and tools for its implementation in the interests of developing national or regional economy. We used morphological analysis of "modernization" and "innovation development", the historical method for identification of common modernization reforms in the US, Germany, Japan, Turkey, China and the justification that they form a "modernization complex" - a system of institutional and social economic elements transforming the structure of society. © 2019.