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Beyond catch-up-can a new innovation policy help China overcome the middle income trap?

Liu, Xielin; Serger, Sylvia Schwaag LU ; Tagscherer, Ulrike and Chang, Amber Y. (2017) In Science and Public Policy 44(5). p.656-669
Abstract

Since it embarked on its economic opening and reform path in the late 1970s, the Chinese government has assigned a central role to science, technology and innovation for the country's economic development. In the phase of 'economic catch-up', China has pursued a top-down innovation policy, characterized by targeted investments in science and technology. Recently, a significant shift in China's innovation policy can be discerned, with government increasingly acknowledging the importance of markets, private enterprises and favorable institutional conditions as determinants of a well-functioning innovation system. This shift is concurrent with the realization that the transition from middle- to high-income country, and hence the avoidance... (More)

Since it embarked on its economic opening and reform path in the late 1970s, the Chinese government has assigned a central role to science, technology and innovation for the country's economic development. In the phase of 'economic catch-up', China has pursued a top-down innovation policy, characterized by targeted investments in science and technology. Recently, a significant shift in China's innovation policy can be discerned, with government increasingly acknowledging the importance of markets, private enterprises and favorable institutional conditions as determinants of a well-functioning innovation system. This shift is concurrent with the realization that the transition from middle- to high-income country, and hence the avoidance of the 'middle income' trap, might require different innovation policies than in the past. In this article, we analyze and assess China's initial innovation policy as well as its emerging reorientation. Finally, we identify some remaining challenges in China's efforts to escape the middle income trap.

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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
China, Emerging economies, Innovation policy, Innovation system, Research policy, Science and technology
in
Science and Public Policy
volume
44
issue
5
pages
14 pages
publisher
Oxford University Press
external identifiers
  • scopus:85032011460
  • wos:000412842800006
ISSN
0302-3427
DOI
10.1093/scipol/scw092
language
English
LU publication?
yes
id
de989363-a568-425d-b806-9f3daa9f8915
date added to LUP
2017-11-02 13:08:06
date last changed
2018-01-16 13:25:25
@article{de989363-a568-425d-b806-9f3daa9f8915,
  abstract     = {<p>Since it embarked on its economic opening and reform path in the late 1970s, the Chinese government has assigned a central role to science, technology and innovation for the country's economic development. In the phase of 'economic catch-up', China has pursued a top-down innovation policy, characterized by targeted investments in science and technology. Recently, a significant shift in China's innovation policy can be discerned, with government increasingly acknowledging the importance of markets, private enterprises and favorable institutional conditions as determinants of a well-functioning innovation system. This shift is concurrent with the realization that the transition from middle- to high-income country, and hence the avoidance of the 'middle income' trap, might require different innovation policies than in the past. In this article, we analyze and assess China's initial innovation policy as well as its emerging reorientation. Finally, we identify some remaining challenges in China's efforts to escape the middle income trap.</p>},
  articleno    = {scw092},
  author       = {Liu, Xielin and Serger, Sylvia Schwaag and Tagscherer, Ulrike and Chang, Amber Y.},
  issn         = {0302-3427},
  keyword      = {China,Emerging economies,Innovation policy,Innovation system,Research policy,Science and technology},
  language     = {eng},
  month        = {10},
  number       = {5},
  pages        = {656--669},
  publisher    = {Oxford University Press},
  series       = {Science and Public Policy},
  title        = {Beyond catch-up-can a new innovation policy help China overcome the middle income trap?},
  url          = {http://dx.doi.org/10.1093/scipol/scw092},
  volume       = {44},
  year         = {2017},
}