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Integrated Development and Transformation of UK’s Innovation Industry in the Context of Digital Economy Strategy |
JIN Xue-tao, LI Kun-fan |
College of Economics and Management, Communication University of China, Beijing, 100024 |
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Abstract The continuous upgrade of digital technology has brought the whole world into an ever-expanding digital economy. British government has made proactive response by implementing the strategy of digital economy and promoting the integration of innovation industry and digital technology to form a new “Createch” industrial model. The focus of UK’s digital strategy has shifted from infrastructure construction to industrial application, and from being product-and technology-oriented to being people-oriented, and innovation industry has been digitalized from both the demand and supply sides. With the digital economy strategy, the overall Britain’s innovation industry has achieved remarkable growth. Digital integration leads the development of the sub-industries in innovation industry, and the seamless penetration of digital technology has enhanced copyright input and output of the innovation industry. According to the analysis of the value added, trade value and employment rate of the innovation industry, driven by digital economy policy, UK’s innovation industry is undergoing transition. The sub-industries of innovation industry integrated with digital technology develop rapidly, pushing the optimization of industrial structure. Digital integration has elevated the upgrade of traditional industries and the growth of new industries. The clustered development of “tech+ industry” promotes the optimization of industry layout. Both the demand side and the supply side further enhance people-oriented digital application.
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Received: 08 December 2019
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