Entrepreneurs, Multinational Enterprises and Policy
Edited by Maureen McKelvey and Sharmistha Bagchi-Sen
Chapter 2: To boldly go. . . Characteristics of China’s innovation policy
This chapter addresses the development of the innovation space within China, by focusing upon innovation policy, the development of scientific and technological capabilities in research and in firms, and the implications for global competitiveness. The rise of the Chinese economy has been a focal point for much of the discussion about the global economy during at least the last decade. To a large extent this growth has come from moving labour out of an extremely low-productivity agricultural sector into relatively unqualified manufacturing. The dual forces of removing political/regulatory barriers to trade and investment, and the increased outsourcing and offshoring of goods production have made China a leading producer of manufactured goods in the world. This growth model has worked well, and it is probably still viable for a decade or so of relatively high growth (Das and N’Diaye 2013). There is still a vast pool of labour of several hundred millions of people employed in the agricultural sector, which remains characterized by low productivity.
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