The Innovation of SMEs and Development of Industrial Clusters in China

Jinmin Wang

Chapter 9 in The Rise of Technological Power in the South, 2010, pp 186-200 from Palgrave Macmillan

Abstract: Abstract During the 1980s and 1990s, developing countries obtained more market share for some labour-intensive products than developed countries because of cost advantages. Subsequently, many export-oriented industrial clusters came into being in such countries. Most clusters of small and medium-sized enterprises (SMEs) are characteristic of labour-intensive, low-tech content and low entry barriers. However, most of these industrial clusters in developing countries had comparative advantage only in terms of low prices and failed to get into a position to enter mainstream international markets. In contrast, the industrial clusters in developed countries maintained competitive advantages in terms of quality, design capacity, technological innovation and rapid response to market changes (Zhu, 2003).

Keywords: Technological Innovation; Industrial Cluster; National Innovation System; Wholesale Market; Trial Cluster (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27612-3_10

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DOI: 10.1057/9780230276123_10

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