In the study conducted by Çelik and Akdağ, it is stated that "For many schools of economic thought, how to ensure the wealth of countries, by which tools and methods this wealth can be measured, and which economic policy to adopt for the efficient allocation of resources have been the main focus of their research. In this direction, the dynamics of the enrichment of countries have been tried to be explained on the basis of various sectors. While the mercantilist doctrine sought the source of wealth in trade and colonies, physiocracy emphasized the agricultural sector as the source of wealth. According to the classical school, a child of the industrial revolution, the epicenter of productivity and enrichment is the industrial sector. According to this approach, productivity in the industrial sector is only possible through a technological and innovation-based production policy that can increase competitive power. Innovation-based production, which started and accelerated with the industrial revolution, has significantly determined the direction of capitalist-style production. In order to increase or maintain their competitive power, capitals have to develop a series of production policies and strategies. One of the most prominent economic policies is the adoption of a technology-oriented production model. This process has brought the debate on the enrichment or economic growth of countries to a new threshold. The phenomenon of economic growth, which had been shelved during the long years of depression and war, became a lively area of debate again in the second half of the 20th century. In this period, the motivation to innovate imposed by fierce competition and the increasing institutionalization of R&D activities led to an acceleration in the pace of technological development.
Today, profit maximization for firms or capitals and cost minimization for industries by taking advantage of scale advantages are not limited to price and price-related indicators, but also include factors such as the effectiveness of economic and political institutions, infrastructure, demographic conditions, macroeconomic environment and market structure. The aim of the study is to examine whether the level of technology possessed by countries affects their economic success (economic growth performance). To this end, the extent to which technology-based investment and production of 15 developed countries between 2000 and 2018 affect their economic success is investigated within the framework of three interrelated models. As a result of the findings, it has been determined that the level of technology and the investments made by the countries in this field are the leverage of the economic success of the selected countries. When economies with high economic growth performance are monitored, it can be said that the most important factor behind their competitiveness is the efforts to encourage the use of new products, new production knowledge and technology. In order for these conditions to produce qualified results, in addition to a qualified education model where scientific knowledge can be developed, courses, seminars and trainings should be organized to provide technical information to the labor market, cooperation between industry and universities for technology-based production, creation of a macroeconomic environment, establishment of necessary infrastructure facilities, and reduction of bureaucratic obstacles, The conditions should be created for the coordination between the central government and local governments for the creation of qualified technology centers and science workshops, the training of educators at a level capable of raising generations that will innovate, and the development of an education model in which the philosophy of science or scientific research method is taught together with artistic activities that can develop abstract thinking ability for children starting from the preschool period. However, in order to increase the welfare and happiness of the society in general, it has been argued as a policy suggestion that a purely growth fetish perspective is not sufficient, and that new mechanisms that take into account distribution relations in terms of the distribution of the social wealth produced are necessary."
