Edited by Arie Lewin (Duke University), Martin Kenney (University of California, Davis), Johann Peter Murmann (UNSW Australia) - April 2016 - Cambridge University PressThe miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015, raising questions about China?s prospects of avoiding the ?middle income trap?.The two engines of growth -- exporting on a scale never before witnessed and massive infrastructure investments -- are approaching the limits of diminishing returns. Assuming that current political arrangements prevail and that western socio-political economic models are not adopted, can China develop a new growth model with innovation at its center? This volume brings together leading Chinese and international scholars who examine the role of culture, institutions, national policy, firm and individual dimensions in shaping the operation of firms, industries and technologies. Their analyses of the daunting challenges of building an innovation-driven growth model for China range from quite optimistic to deeply pessimistic. The book will appeal to scholars, policy-makers and business persons.
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Biographical Details of Contributors
Loyal to the core
Legislators will soon meet to discuss a new five-year economic plan. But China’s leaders are more worried about their own jobs
To date there are few research monographs that go beyond picking out striking cases of innovative companies. We clearly also need systematic analyses of China’s growing innovative capacity. For this reason, Xiaolan Fu’s book China's Path to Innovation (Cambridge University Press, 2015) is a welcome addition to the literature. Fu is Professor of Technology and International Development at Oxford and has written about innovation in China for more than ten years. China's Path to Innovation has 16 chapters (Table of Contents). The book provides an excellent overview of scholarly literature on the development of Chinese innovative capacities. It deserves to be in the library of anyone working on China’s innovative capacity. Read my full review on economic-evolution.net.
The New York Times filed a report about a plan to create new mega cities surrounding Beijing. One of the big obstacles is the inability of local governments to raise their own taxes to pay for services.
I am co-editing with Arie Lewin and Martin Kenney a Cambridge University Press book on the future of Chinese innovative capability. The opening of China in since 1978 has created stunning economic achievements. My hope was that China would prove that you do not necessarily need liberal democracy to continue its economic development and reach GDP per capita figures that are closer to the most advanced countries in the world.
But I am getting more nervous about the future of China after reading this series of articles.