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China's Innovation Challenge Overcoming the Middle-Income Trap [Hardcover]

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  • Category: Books (Business & Economics)
  • ISBN-10:  1107127122
  • ISBN-10:  1107127122
  • ISBN-13:  9781107127128
  • ISBN-13:  9781107127128
  • Publisher:  Cambridge University Press
  • Publisher:  Cambridge University Press
  • Pages:  504
  • Pages:  504
  • Binding:  Hardcover
  • Binding:  Hardcover
  • Pub Date:  01-May-2016
  • Pub Date:  01-May-2016
  • SKU:  1107127122-11-MPOD
  • SKU:  1107127122-11-MPOD
  • Item ID: 100737401
  • List Price: $150.00
  • Seller: ShopSpell
  • Ships in: 2 business days
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  • Delivery by: Dec 29 to Dec 31
  • Notes: Brand New Book. Order Now.
This book argues that China must become an innovation-based economy to avoid the middle-income traps, and examines both the opportunities and challenges in meeting this goal.To overcome the middle-income trap, China must develop the capacity for innovation. This book brings together leading Chinese and other international scholars to examine the key areas shaping China's opportunities and challenges if it is to become an innovation-based economy. It will appeal to scholars, policy-makers, and business practitioners.To overcome the middle-income trap, China must develop the capacity for innovation. This book brings together leading Chinese and other international scholars to examine the key areas shaping China's opportunities and challenges if it is to become an innovation-based economy. It will appeal to scholars, policy-makers, and business practitioners.The miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015. The two engines of growth - export on a scale never before witnessed and massive infrastructure investments - are reaching the point of diminishing returns. This poses the central question which is explored in this book - can China escape the middle-income trap? Assuming current political arrangements remain unchanged and that it does not or cannot adopt Western sociopolitical economic regimes, can China develop an indigenous growth model centered on innovation? This compilation gathers leading Chinese and other international scholars to consider the daunting challenges and complexities of building an innovation-driven Chinese growth model. Providing several comprehensive perspectives, it examines key areas such as the institutional system, technology, sociocultural forces and national policy. The analyses and their conclusions range from strong optimism to deep pessimism about China's future.1. China's innovation challenge: an introduction Arie Y. Lewin, Martin Kenney and Johann Peter Murmann;lÓg
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