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.
China's Innovation Challenge: Overcoming the Middle-Income Trap Johann Peter Murmann
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Box 90120Durham, NC 27708-0125 Tel: 1.919.660.8090 Email: erin.medlynduke.edu Additional Information iTunes Instagram YouTube LinkedIn Snapchat Twitter Facebook Follow us Website feedback Site map Contact Us Duke University Duke University Consumer Information & Resources Website and contents 2017 Duke University's Fuqua School of Business100 Fuqua Drive, Box 90120, Durham, NC 27708-0120 .Lewin's lecture is presented by Duke University's John Hope Franklin Center and Asian/Pacific Studies Institute at Duke UniversityIt's hard to believe they will notWitt, INSEAD Affiliate Professor of Strategy and International Business April 12, 2016 Without further institutional development, China is headed for the middle-income trapSingapore, Taiwan, Hong Kong, and Japan after World War II are other examplesOil-based economies and economies for which the indicators are unavailable omittedFinancial Times 1,317 views 4:34 Consultant Joel Backaler on innovation and technology in China - Duration: 5:54The Road ahead for China: Implications from South Korea's ExperiencePlease try again later
Unlike prevalent macro economic analyses the presentation discusses historical, cultural and institutional factors that collectively create the contradictions that China needs to resolve while also maintaining China Communist Party control.Korea has since avoided the middle-income trap and has become rich on the back of wide-ranging institutional changes. Figure 1: Per Capita GDP and Institutional Quality for 166 Economies, 2013Singapore succeeds because of high individual integrity, good role models including rewarding good role modelsHe is a former chairman of the Duke Academic Council, was director of the Duke Center for International Business Education and Research for 18 years and the founding editor of the journal Organization ScienceChina has historically had no trouble with physical technology, as its numerous inventions illustrateSubscribeSubscribedUnsubscribe2.5K2.5K Loading
LoadingRead more Events The US and China, Allies or Adversaries in Resolving the North Korean Nuclear Crisis July 12, 2017 - 5:45pm Orange, California The World Affairs Council of Orange County is holding a special event featuring Ambassador Christopher Hill, former head of the US Delegation to the Six Party Talks and former Ambassador to the Republic of Korea and Clayton Dube, Executive Director of USC US-China Institute.China, as indicated, finds itself closing in on middle-income trap levels estimated to be at around USD 15,00016,000 while featuring relatively poor institutional qualityCarnegie Endowment 965 views 1:20:18 Understanding the rise of China Martin Jacques - Duration: 24:40But the consistency of the pattern in Figure 2 and the linkages between form of governance, institutions, and GDP it implies is remarkableWithout further institutional development, it risks getting stuck in the middle-income trapPut differently, for China to get rich, the Chinese Communist Party needs to accept the risk of losing power through electionsBut, he added, they reject Hong Kong, Singapore and Japan, claiming the same circumstances don't apply to a country of 1.3 billion people
Rating is available when the video has been rented.When: February 24, 2016 12:00pm to 1:00pm Where Where: Joh Hope Franklin Center Room 240 Durham, NC 27708United States Print China's Innovation Challenge: Overcoming the Middle-Income Trap Speaker - Arie LewinProfessor Emeritus Strategy and International BusinessEditor in Chief Management and Organization ReviewDuke University, The Fuqua School Of Business The presentation will discuss Lewins forthcoming Cambridge University Press volume that explores the concern that China will hit the middle-income trap by 2030The bottom line is that because of its pragmatism, China will likely find a wayLoadingThis article is an abridged and edited version of: Witt, Michael A"You can't take away the miracle that the economy grew by about 10 percent until 2010 and about 7 percent since thenIn addition, Singapore has seen an upward trend in the EIU Democracy Index, reaching "flawed democracy" status in 2014WorkingRyan, 04.07.2017 at 08.11 pm Why Forcing Market Change Is Good Strategy Apple has the blinders on here - A lot of the benefits you mention are true
Figure 1 illustrates this relationship by plotting levels of GDP per capita against a simplistic measure of institutional quality: the average score for each country on the six World Bank Governance Indicators, which are voice and accountability, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption. Countries deriving their wealth mostly from oil are omittedUnless China can address its governance challenge, I fear that the pessimists will prove rightThe second makes the case that absent radical democratic reforms, existing Chinese political and economic institutions will inexorably relegate China to the middle-income trapCambridge, UK: Cambridge University PressDemocracy and institutional quality South Korea around 1980 had a great deal of structural similarity with China todaySign in Share More Report Need to report the video? Sign in to report inappropriate contentHowever, Apple failed toTED 318,441 views 24:40 The Middle Income Trap - Duration: 5:18 07f867cfac