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Full Description
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.
Contents
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.
