 China: An Innovation Country?Annika Steiber
Chapter Chapter 5 in Management in the Digital Age, 2018, pp 45-66 from Springer Abstract: Abstract For years, China’s economy was known mainly for low-cost contract manufacturing and imitation of foreign goods. This chapter explores the strides that have been made in building innovation capacity. The chapter draws on sources ranging from research by others to the author’s original work to paint an all-around picture of how the world’s largest nation is moving up the value chain. Key factors include major investments in research, education, and infrastructure, along with policy reforms that have opened up the economy to free-market forces. Chinese firms benefit from a very large, fast-growing domestic market, which creates demand for innovative goods while allowing for experimentation. Perceived impediments to innovation in China include a Confucian-based social culture and education systems focused on rote learning and test-taking, but various observers point out that such factors may not inhibit innovation as much as is commonly believed. Keywords: China innovation; Planned economy; Chinese management; Confucianism; Communism; China reforms; China education; China technology; China culture; China domestic market; China economy; China global (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-319-67489-6_5 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-67489-6_5 Access Statistics for this chapter More chapters in SpringerBriefs in Business from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.