From Technological Catch-up to Innovation : The Future of China’s GDP Growth

This report stats that income gaps among countries are largely explained by differences in productivity. By raising the capital/labor ratio and rapidly assimilating technologies across a wide range of activities, China has increased factor productivity manifold since 1980 and joined the ranks of middle income countries. With the launch of the 12th FYP, China has set its sights on becoming a high income country by 2030 through a strategy combining high levels of investment with rapid advances in technology comparable to that of Japan from the 1960s through the 1970s, and Korea s from the 1980s through the end of the century. The report concludes that the best bet is an innovation system anchored to and drawing its energy from a competitive national economy. Technological progress and the flourishing of innovation in China will be the function of a competitive, globally networked ecosystem constructed in two stages during 2011- 2030. Government technology cum competition policies will provide impetus in the first stage, but success will hinge on the quality of the workforce, the initiative and policies of firms, the emergence of supporting services.

Bibliographic Details

Main Author:	Yusuf, Shahid
Language:	English en_US
Published:	World Bank, Washington, DC 2012-01-02
Subjects:	ACCOUNTING, ALLOCATIVE EFFICIENCY, ATTRIBUTES, AUTOMATION, AUTOMOBILES, BASIC, BIOTECHNOLOGY, BORROWING, BOUNDARIES, BROADBAND, BROADBAND NETWORK, BUSINESS COMMUNITY, BUSINESS MODEL, BUSINESS SECTOR, BUSINESS SERVICES, BUSINESS STRATEGIES, BUSINESSES, BUYER, BUYERS, CAPABILITIES, CAPABILITY, CITIES, COLLABORATION, COMMERCE, COMMODITIES, COMPETITIVE ADVANTAGE, COMPETITIVE FORCES, COMPETITIVENESS, COMPETITORS, COMPONENTS, COMPUTERS, COMPUTING, CONSUMER DEMAND, CONSUMER ELECTRONICS, CONSUMER RIGHTS, CRAFTSMEN, CUSTOMER RELATIONS, CUSTOMER RELATIONSHIPS, CUSTOMIZATION, DATA SERVICES, DEVICES, DIFFUSION OF KNOWLEDGE, DIGITAL, DIGITAL NETWORKS, DISCOVERY, DISCUSSION, DRAM, DRIVERS, ECONOMIC GROWTH, ECONOMICS, ELECTRICAL EQUIPMENT, ELECTRICAL MACHINERY, ELECTRICITY, ELECTRONIC EQUIPMENT, ELECTRONICS INDUSTRY, EMPLOYMENT, ENGINEERS, ENTREPRENEURIAL CULTURE, EQUIPMENT, ESP, EXPERIMENTATION, FACTOR MARKETS, FINANCIAL RESOURCES, FOREIGN DIRECT INVESTMENT, GLOBAL MARKET, GLOBAL MARKETPLACE, GOVERNMENT CONTRACTS, GROWTH STRATEGY, HIGH TECHNOLOGY, HORIZONTAL INTEGRATION, HUMAN CAPITAL, ICT, ID, IDEAS, IMAGE, INCOME, INDUSTRIAL BASE, INDUSTRIAL POTENTIAL, INDUSTRIAL REVOLUTION, INFORMATION GATHERING, INFORMATION TECHNOLOGY, INNOVATION, INNOVATION POLICIES, INNOVATION POLICY, INNOVATION STRATEGY, INNOVATIONS, INSIGHTS, INSPECTION, INSTRUCTORS, INSURANCE, INTELLECTUAL PROPERTY PROTECTION, INTELLIGENCE, INTERNET SERVICES, INVENTION, INVENTORS, IP, IT SERVICES, JOINT VENTURES, KNOW-HOW, KNOWLEDGE BASE, KNOWLEDGE CAPITAL, KNOWLEDGE DIFFUSION, KNOWLEDGE ECONOMY, KNOWLEDGE NETWORKS, KNOWLEDGE WORKERS, LABOR FORCE, LEADING, LEARNING, LITERACY, MANUFACTURING, MANUFACTURING INDUSTRIES, MANUFACTURING INDUSTRY, MARKET ACCESS, MARKET OPPORTUNITIES, MARKETING, MATHEMATICS, MECHANICAL ENGINEERING, MEDICINE, MENTORING, MENU, MOBILE NETWORKS, MULTIMEDIA, NANOTECHNOLOGY, NETWORKING, NETWORKS, NEXT GENERATION, ONLINE SALES, ONLINE SERVICES, ONLINE TRAINING, ORGANIZATIONAL CAPITAL, ORGANIZATIONAL FORMS, ORGANIZATIONAL STRUCTURES, PC, PERSONAL COMMUNICATION, PHONE, PHYSICAL INFRASTRUCTURE, PRIVATE INVESTMENT, PRIVATE SECTOR, PROCUREMENT, PRODUCT CATEGORIES, PRODUCT INNOVATION, PRODUCTION PROCESS, PRODUCTION PROCESSES, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROGRAMS, PROTECTION OF INTELLECTUAL PROPERTY, PUBLIC GOOD, PUBLISHING, RADIO, RENTS, RESEARCH COMMUNITY, RESEARCH INFRASTRUCTURE, RESEARCH NETWORKS, RESEARCH UNIVERSITIES, RESULT, RESULTS, RETAIL PRICE, RETAIL SALE, SAN, SATELLITES, SCIENTISTS, SEARCH, SILICON, SUPERCOMPUTERS, SUPPLIERS, SUPPLY CHAIN, TAX INCENTIVES, TECHNOLOGICAL ADVANCE, TECHNOLOGICAL ADVANCES, TECHNOLOGICAL CAPABILITIES, TECHNOLOGICAL CHANGE, TECHNOLOGICAL DEVELOPMENT, TECHNOLOGICAL POSSIBILITIES, TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, TELECOMMUNICATION, TELECOMMUNICATION EQUIPMENT, TELECOMMUNICATIONS, TELECOMMUNICATIONS EQUIPMENT, TELECOMMUNICATIONS SECTOR, THINKING, TRAINING SYSTEMS, TRANSACTION, TRANSISTOR, USERS, USES, VALUE CHAIN, VALUE CREATION, VARIETY, WIRELESS, WORKFORCE, WORLD ECONOMY,
Online Access:	http://documents.worldbank.org/curated/en/2012/01/16430182/peoples-republic-china-china-psd-program https://hdl.handle.net/10986/12781
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