Abstract
In the past 30 years, many scholars have presented ideas about the economy of the future. In the early 1970s, in The Third Wave, Alvin Tofller coined the expression of “post-industrial economy”. In 1982, Nester brought forth the “information economy” in The Big Trend. In 1986, Forester mentioned the “high technology economy” in A Society of High Technology and in 1990, UN research institutes came up with the concept of “knowledge economy”. From the transformation of these concepts, we can explore how the role of science and technology in production has been recognized, and, as Deng Xiaoping—the General Architect of China’s Reform and Opening Up Policy stressed, “science and technology is the first productivity.”
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