China's Innovation Challenge: Overcoming the Middle-Income Trap

China's Innovation Challenge: Overcoming the Middle-Income Trap

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Cambridge University Press, 4/14/2016
EAN 9781107566293, ISBN10: 1107566290

Paperback, 504 pages, 22.8 x 15.2 x 3.1 cm
Language: English

The miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015. The two engines of growth - export on a scale never before witnessed and massive infrastructure investments - are reaching the point of diminishing returns. This poses the central question which is explored in this book - can China escape the middle-income trap? Assuming current political arrangements remain unchanged and that it does not or cannot adopt Western sociopolitical economic regimes, can China develop an indigenous growth model centered on innovation? This compilation gathers leading Chinese and other international scholars to consider the daunting challenges and complexities of building an innovation-driven Chinese growth model. Providing several comprehensive perspectives, it examines key areas such as the institutional system, technology, sociocultural forces and national policy. The analyses and their conclusions range from strong optimism to deep pessimism about China's future.

1. China's innovation challenge
an introduction Arie Y. Lewin, Martin Kenney and Johann Peter Murmann
2. New structural economies
the future of the Chinese economy Justin Yifu Lin
3. Impact of China's invisible societal forces on its intended evolution Gordon Redding
4. The road ahead for China
implications from South Korea's experience Michael A. Witt
5. Innovation and technological specialization of Chinese industry Keun Lee
6. China's political economy
prospects for technological innovation-based growth Douglas Fuller
7. Transforming China's IP system to stimulate innovation Menita Liu Cheng and Can Huang
8. Building the innovation capacity of SMEs in China John Child
9. Who benefits when MNEs partner with local enterprises in China? Simon Collinson
10. Advantages and challenges of Chinese MNEs in global competition Yves Doz and Keeley Wilson
11. Emerging trends in global sourcing of innovation Silvia Massini, Keren Crispin-Wagner and Eliza Chilimoniuk-Przezdziecka
12. Why is China failing to leapfrog India's IT outsourcing industry? Weidong Xia, Mary Ann Von Glinow and Yingxia Lia
13. Barriers to organizational creativity in Chinese firms Zhi-Xue Zhang and Weiguo Zhong
14. Institutional and cultural contexts of creativity and innovation in China Chi-Yue Chiu, Shyhnan Liou and Letty Y-Y. Kwan
15. Reframing basis for cross-cultural management Rosalie L. Tung
16. China's innovation challenge
concluding reflections Arie Y. Lewin, Martin Kenney and Johann Peter Murmann.