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 producti...
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| Format: | PSD, Privatization and Industrial Policy |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16430182/peoples-republic-china-china-psd-program http://hdl.handle.net/10986/12781 |
| Summary: | 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. |
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