Growth through Innovation : An Industrial Strategy for Shanghai
In broad terms, the sources of economic growth are well understood but relatively few countries have succeeded in effectively harnessing this knowledge for policy purposes so as to sustain high rates of growth over an extended period of time (commi...
| Main Authors: | , |
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/04/16283732/growth-through-innovation-industrial-strategy-shanghai http://hdl.handle.net/10986/18613 |
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okr-10986-18613 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESSORIES AGRICULTURE ASSEMBLERS AT ATTRIBUTES AUTOMOBILE AVERAGING BASIC BUSINESS BUSINESS MODELS BUSINESS SERVICES BUYERS CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL DEVELOPMENT CAPITAL GOODS CITIES COMMODITIES COMMODITY COMMUNITIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COMPONENTS CONSUMERS CUSTOMERS DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DEVELOPMENT STRATEGY DIMINISHING RETURNS DIVIDENDS ECONOMIC ACTIVITIES ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC STRUCTURE EFFICIENCY ELECTRICAL EQUIPMENT ELECTRONIC EQUIPMENT ELECTRONICS EMPIRICAL RESEARCH END USERS ENGINEERING ENGINEERS ENTERTAINMENT ENVIRONMENT ENVIRONMENTAL ENVIRONMENTS EQUIPMENT EQUITY EXPENDITURES EXPORT MARKET EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN TRADE FUNDING GDP GDP GROWTH RATE GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBALIZATION GOODS GROSS VALUE GROWTH RATE GROWTH STRATEGY HIGH TECHNOLOGY HUMAN CAPITAL INCENTIVES INDUSTRIAL BASE INDUSTRIAL ECONOMY INDUSTRIAL ENTERPRISES INDUSTRIAL STRUCTURE INDUSTRIALIZATION INFLUENCE INFORMATION INNOVATION INNOVATION PROGRAMS INNOVATIONS INPUT USE INPUTS INSTITUTION INSTITUTIONAL CAPACITY INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTENSIVE GROWTH INTERMEDIATE INPUTS INTERNATIONAL BUSINESS INTERNATIONAL COMPETITIVENESS INTERNATIONAL TRADE INVENTION IP KNOW-HOW KNOWLEDGE KNOWLEDGE ECONOMIES KNOWLEDGE ECONOMY KNOWLEDGE WORKERS LABOR FORCE LABOR MARKETS LAGS LAND LAND USE LEARNING LINKS LITERACY LOGISTICS MANUFACTURING MANUFACTURING INDUSTRIES MANUFACTURING INDUSTRY MARKET SHARE MARKET SHARES MARKETING MATERIAL MATERIALS MEDICINE NATIONAL INCOME NATURAL RESOURCE NETWORKS NEW TECHNOLOGIES OUTCOMES PATENTS PER CAPITA INCOME PERFORMANCE PHYSICAL INFRASTRUCTURE POLICY POLICY SUPPORT PROCUREMENT PRODUCERS PRODUCTION PRODUCTIVITY PROFIT PROFIT MARGINS PROFITS PROJECTS PUBLISHING RESEARCH CENTERS RESEARCH INFRASTRUCTURE RESOURCES REVENUES SAN SCIENCE SCIENTISTS SKILLS SUSTAINABLE GROWTH SYSTEM SYSTEMS TARGETS TECHNICIANS TECHNOLOGICAL ADVANCE TECHNOLOGICAL CAPABILITIES TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATIONS TECHNOLOGICAL PROGRESS TECHNOLOGY TECHNOLOGY DEVELOPMENT TECHNOLOGY LICENSING TECHNOLOGY TRANSFER TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRAINING TRENDS URL VALUE ADDED WAN WELFARE WORLD TRADE WTO |
| spellingShingle |
ACCESSORIES AGRICULTURE ASSEMBLERS AT ATTRIBUTES AUTOMOBILE AVERAGING BASIC BUSINESS BUSINESS MODELS BUSINESS SERVICES BUYERS CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL DEVELOPMENT CAPITAL GOODS CITIES COMMODITIES COMMODITY COMMUNITIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COMPONENTS CONSUMERS CUSTOMERS DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DEVELOPMENT STRATEGY DIMINISHING RETURNS DIVIDENDS ECONOMIC ACTIVITIES ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC STRUCTURE EFFICIENCY ELECTRICAL EQUIPMENT ELECTRONIC EQUIPMENT ELECTRONICS EMPIRICAL RESEARCH END USERS ENGINEERING ENGINEERS ENTERTAINMENT ENVIRONMENT ENVIRONMENTAL ENVIRONMENTS EQUIPMENT EQUITY EXPENDITURES EXPORT MARKET EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN TRADE FUNDING GDP GDP GROWTH RATE GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBALIZATION GOODS GROSS VALUE GROWTH RATE GROWTH STRATEGY HIGH TECHNOLOGY HUMAN CAPITAL INCENTIVES INDUSTRIAL BASE INDUSTRIAL ECONOMY INDUSTRIAL ENTERPRISES INDUSTRIAL STRUCTURE INDUSTRIALIZATION INFLUENCE INFORMATION INNOVATION INNOVATION PROGRAMS INNOVATIONS INPUT USE INPUTS INSTITUTION INSTITUTIONAL CAPACITY INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTENSIVE GROWTH INTERMEDIATE INPUTS INTERNATIONAL BUSINESS INTERNATIONAL COMPETITIVENESS INTERNATIONAL TRADE INVENTION IP KNOW-HOW KNOWLEDGE KNOWLEDGE ECONOMIES KNOWLEDGE ECONOMY KNOWLEDGE WORKERS LABOR FORCE LABOR MARKETS LAGS LAND LAND USE LEARNING LINKS LITERACY LOGISTICS MANUFACTURING MANUFACTURING INDUSTRIES MANUFACTURING INDUSTRY MARKET SHARE MARKET SHARES MARKETING MATERIAL MATERIALS MEDICINE NATIONAL INCOME NATURAL RESOURCE NETWORKS NEW TECHNOLOGIES OUTCOMES PATENTS PER CAPITA INCOME PERFORMANCE PHYSICAL INFRASTRUCTURE POLICY POLICY SUPPORT PROCUREMENT PRODUCERS PRODUCTION PRODUCTIVITY PROFIT PROFIT MARGINS PROFITS PROJECTS PUBLISHING RESEARCH CENTERS RESEARCH INFRASTRUCTURE RESOURCES REVENUES SAN SCIENCE SCIENTISTS SKILLS SUSTAINABLE GROWTH SYSTEM SYSTEMS TARGETS TECHNICIANS TECHNOLOGICAL ADVANCE TECHNOLOGICAL CAPABILITIES TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATIONS TECHNOLOGICAL PROGRESS TECHNOLOGY TECHNOLOGY DEVELOPMENT TECHNOLOGY LICENSING TECHNOLOGY TRANSFER TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRAINING TRENDS URL VALUE ADDED WAN WELFARE WORLD TRADE WTO Yusuf, Shahid Nabeshima, Kaoru Growth through Innovation : An Industrial Strategy for Shanghai |
| geographic_facet |
East Asia and Pacific China |
| description |
In broad terms, the sources of economic
growth are well understood but relatively few countries have
succeeded in effectively harnessing this knowledge for
policy purposes so as to sustain high rates of growth over
an extended period of time (commission on growth and
development 2008; Yusuf 2009a). This study argues, however,
that a high growth strategy which puts technology upgrading
and innovation at the center might warrant a different
approach from the one currently favored. It derives from
the experience of global cities such as New York and London
and the empirical research on industrial performance and on
innovation. This has yielded four significant findings:
first, monosectoral services based economies grow slowly
because they benefit less from increases in productivity and
from innovation. Second, manufacturing industries producing
complex capital goods, electronic equipment, and
sophisticated components are more Research and Development
(R&D) intensive, generate many more innovations, are
more export oriented, have a solid track record of rising
productivity, and having achieved competitiveness, are in a
better position to sustain it because the entry barriers to
these industries tend to be higher. By giving rise to dense
backward and forward linkages these industries can serve as
the nuclei of urban clusters and maximize employment
generation. Third, industrial cities create many more jobs
for a middle class and tend to have a more equal
distribution of income than cities which are dominated by
services. Fourth, and finally, cities with a world class
tertiary education and research infrastructure linked to
industry, are more resilient in the face of shocks, more
innovative, and better able to reinvent themselves. |
| format |
Economic & Sector Work :: Policy Note |
| author |
Yusuf, Shahid Nabeshima, Kaoru |
| author_facet |
Yusuf, Shahid Nabeshima, Kaoru |
| author_sort |
Yusuf, Shahid |
| title |
Growth through Innovation : An Industrial Strategy for Shanghai |
| title_short |
Growth through Innovation : An Industrial Strategy for Shanghai |
| title_full |
Growth through Innovation : An Industrial Strategy for Shanghai |
| title_fullStr |
Growth through Innovation : An Industrial Strategy for Shanghai |
| title_full_unstemmed |
Growth through Innovation : An Industrial Strategy for Shanghai |
| title_sort |
growth through innovation : an industrial strategy for shanghai |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2009/04/16283732/growth-through-innovation-industrial-strategy-shanghai http://hdl.handle.net/10986/18613 |
| _version_ |
1764440961362952192 |
| spelling |
okr-10986-186132021-04-23T14:03:45Z Growth through Innovation : An Industrial Strategy for Shanghai Yusuf, Shahid Nabeshima, Kaoru ACCESSORIES AGRICULTURE ASSEMBLERS AT ATTRIBUTES AUTOMOBILE AVERAGING BASIC BUSINESS BUSINESS MODELS BUSINESS SERVICES BUYERS CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL DEVELOPMENT CAPITAL GOODS CITIES COMMODITIES COMMODITY COMMUNITIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS COMPONENTS CONSUMERS CUSTOMERS DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DEVELOPMENT STRATEGY DIMINISHING RETURNS DIVIDENDS ECONOMIC ACTIVITIES ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC STRUCTURE EFFICIENCY ELECTRICAL EQUIPMENT ELECTRONIC EQUIPMENT ELECTRONICS EMPIRICAL RESEARCH END USERS ENGINEERING ENGINEERS ENTERTAINMENT ENVIRONMENT ENVIRONMENTAL ENVIRONMENTS EQUIPMENT EQUITY EXPENDITURES EXPORT MARKET EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN TRADE FUNDING GDP GDP GROWTH RATE GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBALIZATION GOODS GROSS VALUE GROWTH RATE GROWTH STRATEGY HIGH TECHNOLOGY HUMAN CAPITAL INCENTIVES INDUSTRIAL BASE INDUSTRIAL ECONOMY INDUSTRIAL ENTERPRISES INDUSTRIAL STRUCTURE INDUSTRIALIZATION INFLUENCE INFORMATION INNOVATION INNOVATION PROGRAMS INNOVATIONS INPUT USE INPUTS INSTITUTION INSTITUTIONAL CAPACITY INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTENSIVE GROWTH INTERMEDIATE INPUTS INTERNATIONAL BUSINESS INTERNATIONAL COMPETITIVENESS INTERNATIONAL TRADE INVENTION IP KNOW-HOW KNOWLEDGE KNOWLEDGE ECONOMIES KNOWLEDGE ECONOMY KNOWLEDGE WORKERS LABOR FORCE LABOR MARKETS LAGS LAND LAND USE LEARNING LINKS LITERACY LOGISTICS MANUFACTURING MANUFACTURING INDUSTRIES MANUFACTURING INDUSTRY MARKET SHARE MARKET SHARES MARKETING MATERIAL MATERIALS MEDICINE NATIONAL INCOME NATURAL RESOURCE NETWORKS NEW TECHNOLOGIES OUTCOMES PATENTS PER CAPITA INCOME PERFORMANCE PHYSICAL INFRASTRUCTURE POLICY POLICY SUPPORT PROCUREMENT PRODUCERS PRODUCTION PRODUCTIVITY PROFIT PROFIT MARGINS PROFITS PROJECTS PUBLISHING RESEARCH CENTERS RESEARCH INFRASTRUCTURE RESOURCES REVENUES SAN SCIENCE SCIENTISTS SKILLS SUSTAINABLE GROWTH SYSTEM SYSTEMS TARGETS TECHNICIANS TECHNOLOGICAL ADVANCE TECHNOLOGICAL CAPABILITIES TECHNOLOGICAL CHANGE TECHNOLOGICAL INNOVATIONS TECHNOLOGICAL PROGRESS TECHNOLOGY TECHNOLOGY DEVELOPMENT TECHNOLOGY LICENSING TECHNOLOGY TRANSFER TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRAINING TRENDS URL VALUE ADDED WAN WELFARE WORLD TRADE WTO In broad terms, the sources of economic growth are well understood but relatively few countries have succeeded in effectively harnessing this knowledge for policy purposes so as to sustain high rates of growth over an extended period of time (commission on growth and development 2008; Yusuf 2009a). This study argues, however, that a high growth strategy which puts technology upgrading and innovation at the center might warrant a different approach from the one currently favored. It derives from the experience of global cities such as New York and London and the empirical research on industrial performance and on innovation. This has yielded four significant findings: first, monosectoral services based economies grow slowly because they benefit less from increases in productivity and from innovation. Second, manufacturing industries producing complex capital goods, electronic equipment, and sophisticated components are more Research and Development (R&D) intensive, generate many more innovations, are more export oriented, have a solid track record of rising productivity, and having achieved competitiveness, are in a better position to sustain it because the entry barriers to these industries tend to be higher. By giving rise to dense backward and forward linkages these industries can serve as the nuclei of urban clusters and maximize employment generation. Third, industrial cities create many more jobs for a middle class and tend to have a more equal distribution of income than cities which are dominated by services. Fourth, and finally, cities with a world class tertiary education and research infrastructure linked to industry, are more resilient in the face of shocks, more innovative, and better able to reinvent themselves. 2014-06-11T18:45:58Z 2014-06-11T18:45:58Z 2009-04-22 http://documents.worldbank.org/curated/en/2009/04/16283732/growth-through-innovation-industrial-strategy-shanghai http://hdl.handle.net/10986/18613 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work East Asia and Pacific China |