China as leading innovator, and as challenger to US hegemony?

Robert H. Wade

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: To what extent has China over the past decade leapfrogged beyond ‘factory of the world’ (scaling up technologies developed elsewhere) to ‘leading innovator’ (starting up technologies developed at home to produce new-to-the-world products)? To what extent has China’s size, economic development, and geopolitical influence reached the point where it is challenging the US for hegemony? The essay gives a qualified ‘yes’ to the first question, a qualified ‘no’ to the second.

Keywords: catch up; innovator; hegemony; techno-nationalism (search for similar items in EconPapers)
JEL-codes: L32 O14 O33 P21 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2025-10-01
New Economics Papers: this item is included in nep-cna
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Published in Review of Keynesian Economics, 1, October, 2025, 13(4), pp. 519 - 535. ISSN: 2049-5323

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