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The transition from a catching-up style economy to an
innovation-driven economy poses a major challenge for China. This
book examines the major issues at stake, outlines developments in
crucial business fields and industries, and discusses the roles of
top-down politics and bottom-up entrepreneurship. It focuses in
particular on the institutional foundations of innovation, arguing
that successful innovation relies on the favourable interplay of
business, politics, and society, and that comprehensive
institutional and organizational changes will be required in China
in order for innovation to succeed. Overall, the book assesses how
far China will be able to depart from the Western paradigm of
successful innovation regimes and create its own innovation system
with Chinese characteristics.
China's New Silk Road initiative constitutes one of the most
ambitious projects in recent decades designed to change the pattern
of the global economic division of labour as well as the
geostrategic balance of power. It has the potential to create a new
fabric of industrial value creation that links China and East Asia
via Central and South Asia with Europe, and to forge new regional
and multilateral institutions that complement or compete with
existing regional and global governance systems. First proposed in
2013, the new initiative is only now starting to be rolled-out,
with trade relations gradually intensifying, and the first
investment projects and infrastructure clusters becoming manifest.
However, the full impact of the evolving new regional value chains
on global goods flows, investment activity, supra-national
institution building, as well as their wider international
implications, remains undetermined. This book brings together
leading scholars from economics, political science and area
studies, who present the latest cutting-edge knowledge and the
latest state-of-the-art economic and political analysis on how the
new initiative is developing and likely to develop.
The transition from a catching-up style economy to an
innovation-driven economy poses a major challenge for China. This
book examines the major issues at stake, outlines developments in
crucial business fields and industries, and discusses the roles of
top-down politics and bottom-up entrepreneurship. It focuses in
particular on the institutional foundations of innovation, arguing
that successful innovation relies on the favourable interplay of
business, politics, and society, and that comprehensive
institutional and organizational changes will be required in China
in order for innovation to succeed. Overall, the book assesses how
far China will be able to depart from the Western paradigm of
successful innovation regimes and create its own innovation system
with Chinese characteristics.
This book constitutes a thorough analysis of the phenomenon of
corruption, as seen from the perspective of New Institutional
Economics - one of the most influential new schools of thought in
the social sciences of the past decade.
This book constitutes a thorough analysis of the phenomenon of
corruption, as seen from the perspective of New Institutional
Economics - one of the most influential new schools of thought in
the social sciences of the past decade.
This illuminating book broadly addresses the emerging field of
'diversity of capitalism' from a comparative institutional
approach. It explores the varied patterns for achieving
coordination in different economic systems, applying them
specifically to China, Japan and South Korea. These countries are
of particular interest due to the fact that they are often
considered to have developed their own peculiar blend of models of
capitalism. The expert contributors take a common institutional
approach, focusing on institutions at the macro level. They present
case studies to demonstrate the diversity of institutional patterns
at the advent of the 21st century, both within the East Asian
region and elsewhere. Examples of stability within existing
institutions are illustrated alongside examples of comprehensive
institutional change. Underpinning the case studies are a set of
theoretical and empirical challenges for researchers concerned with
national institutional settings, path dependence and endogenous
dynamics. Institutional Variety in East Asia will prove a
fascinating read for academics and students with an interest in
Asian studies, institutional theory, political economy and
heterodox economics.
China's New Silk Road initiative constitutes one of the most
ambitious projects in recent decades designed to change the pattern
of the global economic division of labour as well as the
geostrategic balance of power. It has the potential to create a new
fabric of industrial value creation that links China and East Asia
via Central and South Asia with Europe, and to forge new regional
and multilateral institutions that complement or compete with
existing regional and global governance systems. First proposed in
2013, the new initiative is only now starting to be rolled-out,
with trade relations gradually intensifying, and the first
investment projects and infrastructure clusters becoming manifest.
However, the full impact of the evolving new regional value chains
on global goods flows, investment activity, supra-national
institution building, as well as their wider international
implications, remains undetermined. This book brings together
leading scholars from economics, political science and area
studies, who present the latest cutting-edge knowledge and the
latest state-of-the-art economic and political analysis on how the
new initiative is developing and likely to develop.
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