Catch-up of CoPs in GIS and IVC: evidence from Chinese CNC machine tools

Wenlan Liu, Dong Guo and Juan Rogers

Science and Public Policy, 2025, vol. 52, issue 3, 475-488

Abstract: In the era of innovation globalization, realizing technology catch-up poses a challenge to late-coming countries. This paper integrates the conceptual framework of the global innovation system (GIS) and the model of the innovation value chain (IVC) and takes the high-grade computer-numerical-control(CNC) machine tools’ catch-up in China as a case study to analyze the characteristics and mechanisms for the catch-up of complex product systems (CoPs) in different globalization historical stages from the perspective of research and development (R&D), transformation, and commercialization. We find that strengthening the GIS–IVC-based resource integration of innovation for R&D, pilot and demonstration plants, and commercialization is the key factor in promoting the catch-up of CoPs in emerging economies, and effective guidance of innovation policies is essential for promoting the catch-up of CoPs in the global era.

Keywords: global innovation system; catch-up of CoPs; the innovation value chain; Chinese CNC machine tools (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:oup:scippl:v:52:y:2025:i:3:p:475-488.

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