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President Trump has raised the intriguing question of bringing the
manufacturing of companies like Apple back from China to the U.S.
This book, however, argues that in this age of the knowledge-based
economy and increased globalization, that value creation and
distribution based on knowledge and innovation activities are at
the core of economic development. The double-edged sword of
globalization has transformed China's economic development in the
past few decades. Although China has benefitted from globalization
and is now the second largest economy in the world, having become a
global manufacturing power and the biggest exporter of high-tech
products, it continues to be highly dependent on foreign sources of
capital and technology. This book will explore the core of the
Chinese economy from the perspective of the Global Value Chain
(GVC), combining analysis of inward investment, international
trade, Science and Technology and Innovation (S&TI) and
economic development. Specifically, it investigates China's
evolving role in GVCs with some innovative Chinese companies
emerging in the global market and China's ongoing efforts to become
an innovation-driven economy. China's impressive economic record
and experience provides an impressive role model for other
developing countries.
President Trump has raised the intriguing question of bringing the
manufacturing of companies like Apple back from China to the U.S.
This book, however, argues that in this age of the knowledge-based
economy and increased globalization, that value creation and
distribution based on knowledge and innovation activities are at
the core of economic development. The double-edged sword of
globalization has transformed China's economic development in the
past few decades. Although China has benefitted from globalization
and is now the second largest economy in the world, having become a
global manufacturing power and the biggest exporter of high-tech
products, it continues to be highly dependent on foreign sources of
capital and technology. This book will explore the core of the
Chinese economy from the perspective of the Global Value Chain
(GVC), combining analysis of inward investment, international
trade, Science and Technology and Innovation (S&TI) and
economic development. Specifically, it investigates China's
evolving role in GVCs with some innovative Chinese companies
emerging in the global market and China's ongoing efforts to become
an innovation-driven economy. China's impressive economic record
and experience provides an impressive role model for other
developing countries.
There are a variety of reasons underlying the remarkable
development of science and technology (S&T), and innovation in
post-1978 China. This book seeks to achieve an understanding of
such development from an institutional or a political economy
perspective. Departing from the literature of S&T and
innovation studies that treats innovation as a market or
enterprise's behavior in Schumpeter's sense, Sun and Cao argue that
it involves politics, institutions, and the role of the state. In
particular, they examine how the Chinese state has played its
visible role in making innovation policies, allocating funding for
R&D programs, making efforts to attract talent, and organizing
critical S&T programs. This book appeals to scholars in S&T
and innovation policy, political economy, innovation governance,
and China studies as well as policymakers and business executives.
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