Shaping China’s Innovation Future
Show Less

Shaping China’s Innovation Future

University Technology Transfer in Transition

  • Elgar Intellectual Property and Global Development series

John L. Orcutt and Hong Shen

Shaping China’s Innovation Future employs a thorough analysis of a combination of factors including: the role of law and China’s legal system; economic theory and the development of China’s economy; China’s educational, intellectual property, and financial systems; China’s innovation capacity; and Chinese culture. Though the recommendations on how to improve China’s technology commercialization system are unique to China, the scope of the research makes the conclusions found here applicable to other countries facing similar challenges.
Buy Book in Print
Show Summary Details

Chapter 2: Developing a Market-based Innovation System

John L. Orcutt and Hong Shen

Extract

2. Developing a market-based innovation system The people are happy and we have captured the attention of the world. – Deng Xiaoping (Jan. 1992)1 Employing a Bayh–Dole approach to encourage university innovation and technology transfer is predicated on there being a market-based innovation environment. This chapter chronicles the broad changes that have taken place in China’s innovation system during China’s three decades of economic reform that have transformed China’s former ‘plan-based’ innovation system into one that is largely market based. Despite this progress, legacies from the Mao era continue to impact China and must be accounted for in any innovation system analysis for the country. Before launching into a review of China’s market-based transformation, however, it is useful to begin with a brief overview of markets, their function in a society, and how a Bayh–Dole strategy fits into such a market-based system. 1. BRIEF OVERVIEW OF ‘MARKETS’ AND HOW THEY RELATE TO BAYH–DOLE Scarcity provides the foundation for the field of economics. Most of the goods and services that we consume each day (e.g., food, clothing, and consumer goods) are scarce – meaning that the demand for such goods or services is greater than the supply. Take the simple example of time. Time is a scarce resource for humans relative to the almost infinite ways that we could spend our time in a given day. Because time is finite, while the possible ways of spending it are limitless (or at least almost limitless), we must make choices on...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.