China's Innovation Challenge

Overcoming the Middle-Income Trap

Arie Y. Lewin, Martin Kenney, Johann Peter Murmann

• Publisher: Cambridge University Press
• Year: 2016
• Print ISBN:
  9781107127128
• eBook ISBN:
  9781316592830
• Topic: Business
• Subtopic: International Business
• Index: Business

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.

Table of contents

• Cover
• Half-title page
• Title page
• Copyright page
• Contents
• Figures
• Tables
• Contributors
• Preface
• 1 China’s innovation challenge: An introduction
• 2 New structural economics: The future of the Chinese economy
• 3 Impact of China’s invisible societal forces on its intended evolution
• 4 The road ahead for China: Implications from South Korea’s experience
• 5 Innovation and technological specialization of Chinese industry
• 6 China’s political economy: Prospects for technological innovation-based growth
• 7 Transforming China’s IP system to stimulate innovation
• 8 Building the innovation capacity of SMEs in China
• 9 Who benefits when MNEs partner with local enterprises in China?
• 10 Advantages and challenges for Chinese MNEs in global competition
• 11 Emerging trends in global sourcing of innovation
• 12 Why is China failing to leapfrog India’s IT outsourcing industry?
• 13 Barriers to organizational creativity in Chinese companies
• 14 Institutional and cultural contexts of creativity and innovation in China
• 15 Reframing research for cross-cultural management
• 16 China’s innovation challenge: Concluding reflections
• Bibliography
• Index