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• W2626487719 abstract "A recent joint report of China’s State Council Development Research Centre and the World Bank argued that China stands at a precarious and challenging position in its development (World Bank and DRC 2013). Its early years of sustained high-speed economic growth were fuelled by somewhat unusual advantages — those of ‘backwardness’. These advantages included a large, young, mainly rural workforce; deep and untapped pools of technologies available for purchase or transfer on international technology markets (including the attraction of foreign businesses via FDI into joint ventures and other partnerships); buoyant and accessible international markets for trade; and, at times, protected (and therefore profitable) domestic markets allowing for the appropriation of rents to domestic firms able to harness foreign technologies and know-how. Until recently, therefore, China was able to exploit the shift from low-productivity agriculture to higher-productivity manufacturing work. It did so by combining its relatively low-cost labour with modern, often imported, manufacturing know-how. High levels of savings facilitated very high levels of investment, thereby fuelling sustained and swift economic growth processes. An important feature of this growth model was the general tendency to rely upon foreign technologies. The development of domestic innovation capabilities was thus not critical to its success." @default.
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• W2626487719 date "2017-06-13" @default.
• W2626487719 modified "2023-09-27" @default.
• W2626487719 title "Local context and innovation in China" @default.
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• W2626487719 doi "https://doi.org/10.1057/s41291-017-0020-8" @default.
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