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Demystifying China's Innovation Machine

2022-01-07 Business & Economics
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Release : 2022-01-07
Genre : Business & Economics
Kind : eBook
Book Rating : 176/5 ( reviews)

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Book Synopsis Demystifying China's Innovation Machine by : Marina Zhang

Download or read book Demystifying China's Innovation Machine written by Marina Zhang. This book was released on 2022-01-07. Available in PDF, EPUB and Kindle. Book excerpt: China's extraordinary economic development is explained in large part by the way it innovates. Contrary to widely held views, China's innovation machine is not created and controlled by an all-powerful government. Instead, it is a complex, interdependent system composed of various elements, involving bottom-up innovation driven by innovators and entrepreneurs and highly pragmatic and adaptive top-down policy. Using case studies of leading firms and industries, along with statistics and policy analysis, this book argues that China's innovation machine is similar to a natural ecosystem. Innovations in technology, organization, and business models resemble genetic mutations which are initially random, self-serving, and isolated, but the best fitting are selected by the market and their impacts are amplified by the innovation machine. This machine draws on China's multitude manufacturers, supply chains, innovation clusters, and digitally literate population, connected through super-sized digital platforms. China's innovation suffers from a lack of basic research and reliance upon certain critical technologies from overseas, yet its scale (size) and scope (diversity) possess attributes that make it self-correcting and stronger in the face of challenges. China's innovation machine is most effective in a policy environment where the market prevails; policy intervention plays a significant role when market mechanisms are premature or fail. The future success of China's innovation will depend on continuing policy pragmatism, mass innovation, and entrepreneurship, and the development of the 'new infrastructures'.

The Oxford Handbook of China Innovation

2021 Business & Economics
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Release : 2021
Genre : Business & Economics
Kind : eBook
Book Rating : 539/5 ( reviews)

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Book Synopsis The Oxford Handbook of China Innovation by : Xiaolan Fu

Download or read book The Oxford Handbook of China Innovation written by Xiaolan Fu. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt: "The Oxford Handbook of China Innovation provides a contemporary and authoritative view of the role of innovation in China's extraordinary emergence. The Handbook consists of chapters written by over sixty experts from universities and research institutions worldwide, who describe and analyze this phenomenon with criticism, discussion of policy issues, and views about further development. It focuses on the microeconomic factors in China's growth, of which the critical force has been the steady drive for innovation. It identifies the many factors instrumental in the development of innovation and evaluates those that are specific to China's context, and those applicable to other nations. The scope of topics is comprehensive, covering China's development policies, the place of innovation in national priorities, the components of the national innovation system and the resources required for their effective deployment. These include the institutions and policies that provide incentives and support to technological development, including people, financial mechanisms, private ownership, rule of law and culture. The issue of foreign influence is also addressed, including the evolution of policy towards inward foreign direct investment and knowledge transfer and China's goals for outward foreign direct investment. The chapters include discussion of the capabilities and strategies of world-class Chinese innovators, together with emerging issues such as environmental remediation, green energy, digital innovation, open innovation, mass innovation and China's future science and technology policy. As China emerges as a contender for global leadership in many fields, the Handbook provides a foundation for informed conjecture regarding the challenges ahead"--

China's Innovation Challenge

2016-04-14 Business & Economics
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Release : 2016-04-14
Genre : Business & Economics
Kind : eBook
Book Rating : 122/5 ( reviews)

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Book Synopsis China's Innovation Challenge by : Arie Y. Lewin

Download or read book China's Innovation Challenge written by Arie Y. Lewin. This book was released on 2016-04-14. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that China must become an innovation-based economy to avoid the middle-income traps, and examines both the opportunities and challenges in meeting this goal.

China's Innovation Economy

2021-09 Business & Economics
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Release : 2021-09
Genre : Business & Economics
Kind : eBook
Book Rating : 907/5 ( reviews)

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Book Synopsis China's Innovation Economy by : Jon-Arild Johannessen

Download or read book China's Innovation Economy written by Jon-Arild Johannessen. This book was released on 2021-09. Available in PDF, EPUB and Kindle. Book excerpt: "Two trends will have more influence than anything else on the world's future political and economic situation: the development of artificial intelligence and the emergence of China as a competitor to the United States on the international stage. This book is about the emerging innovation economy. It uses systems theory and evolutionary economics as a theoretical point of departure and explains why the focal point of the geopolitical stage is moving away from the alliance between the United States and Europe, and towards an alliance between China, the 14 Regional Comprehensive Economic Partnership countries, the countries along the new silk road, and Europe. The book argues that the globalization strategy of neoliberalism laid the foundation for the Chinese economic engine. Whereas the old globalization was driven by cost differences generally, and wage costs specifically, the new globalization is driven by divergence in competence in general, and technological competence in particular, and China's primary goal is to develop artificial intelligence and intelligent robots. Further, the book posits that the interactions between the climate crisis and the new technology will change production, distribution and the creation of profits, both in China and more widely in the global innovation economy. The book develops a structure to describe, analyze and explain the Chinese innovation economy and contributes to the discussion regarding technological developments in China. The book is written for readers who are oriented towards the new globalization that is emerging in the innovation economy and the factors driving China's economic growth"--

The Political Economy of Science, Technology, and Innovation in China

2023-07-31 Political Science
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Release : 2023-07-31
Genre : Political Science
Kind : eBook
Book Rating : 581/5 ( reviews)

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Book Synopsis The Political Economy of Science, Technology, and Innovation in China by : Yutao Sun

Download or read book The Political Economy of Science, Technology, and Innovation in China written by Yutao Sun. This book was released on 2023-07-31. Available in PDF, EPUB and Kindle. Book excerpt: Demystifies the role of the Chinese state in its development of S&T and innovation using the theory of political economy.

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