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From "Made in China" to "Invented in China"

Sarmiza Pencea

Revista de Economie Mondiala / The Journal of Global Economics, 2014, vol. 6, issue 1

Abstract: Along more than three decades, China has managed one of the most impressive catching-up drives in human history. Its accomplishments in terms of extensive development are outstanding and undeniable, but the country has now already reached a turning point, when internal and external factors call for a major qualitative switch. To avoid the middle income trap and to further develop, China must switch from cheaply processing/assembling foreign-designed goods, with transferred foreign technologies, to producing high-skill and knowledge-intensive goods engineered in China, using technologies devised locally. The paper briefly presents the targets of China's R&D strategic planning – and, implicitly, of its industrial policy – and then it looks at the efforts made and the results got in this field in recent years, sketching the Chinese academic and industrial R&D landscape and identifying some of its most important new shifts and trends. It concludes that the country has already made rapid and significant strides, paving the way for a successful switch to an innovation and knowledge-based economy, with governmental policies in support of RDI playing a major role.

Keywords: China; R&D; RDI; R&D&I; innovation-based economy; knowledge-based economy; Chinese economic model; industrial policy; development policy (search for similar items in EconPapers)
JEL-codes: O53 O38 O25 L16 L52 I28 I23 (search for similar items in EconPapers)
Date: 2014
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Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

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