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Writer 관리자 Date 2021-03-28
Subject [2021] China's Technological Leapfrogging and Economic Catch-up; A Schumpeterian
Perspective. Oxford Univ. Press.
Contents Keun Lee, 2021 (forthcoming) China's Technological Leapfrogging and Economic Catch-up; A Schumpeterian Perspective. Oxford Univ. Press
(ISBN : 9780192847560)

Abstract

After the miraculous economic growth known as the Beijing Consensus, China is now facing a slowdown. The attention has moved to the issue of the middle income trap, or the situation in which economic growth slows down as a country reaches the middle income stage. This book deals with this interesting issue in the context of China. It also discusses China’s limitations and future prospects, especially after the rise of a new “cold war” between China and the US, namely the question of whether China would fall into another trap called the “Thucydides trap,” or conflict with the existing hegemon as a rising power. In sum, this book plays around three key terms, namely, the Beijing Consensus, the Middle Income Trap, and the Thucydides trap, and applies a Schumpeterian approach to these concepts. This book also conducts a comparative analysis that examines China from an “economic catch-up” perspective. An economic catch-up starts from learning and imitating a forerunner, but finishing the race successfully requires taking a different path along the road. This act is also known as leapfrogging, which implies a latecomer doing something different from, and often ahead of, a forerunner. Technological leapfrogging may lead to technological catch-up, which means reducing the technological gap, and then finally to economic catch-up in living standards (per capita income) and economic size (GDP: economic power). This linkage from technological leapfrogging and catch-up to economic catch-up corresponds exactly with a similar linkage from the Beijing Consensus to escaping (or not) the middle income and the Thucydides traps. One conclusion from this book is that China’s successful rise as a global industrial power has been due to its strategy of technological leapfrogging, which has enabled China to move beyond the middle income trap and possibly the Thucydides trap, although at a slower speed.

Contents

Chapter 1. Introducing Schumpeter to China
1. Beijing Consensus, Middle-income Trap and Thucydides Trap
2. Schumpeterian Model of Technological Leapfrogging & Catch-up
3. Findings from each of the Three Parts
4. Contributions and Limitations

Part One: The Origins of Catch-up and the Early Effort

Chapter 2. The Origins of Technological Catch-up in China:
The Birth of Huawei and ZTE
1. Introduction
2. Evolution of the Telecommunication Equipment Industry in China
3. The Model of Technological Catch-up and the Chinese Factors
4. Trading Market for Technology and Getting Access to Knowledge
5. Knowledge Diffusion and the Indigenous Development of Switches:
6. Segmented Market and Competitive Advantage of Indigenous Firms
7. Summary and Concluding Remarks

Chapter 3. Origins and Growth of Big Businesses in China

1. Introduction
2. Basic Profile of the Business Groups in China
3. History of Business Groups in China
4. The Role of the State in the Growth of Business Groups
5. Corporate Ownership, Governance and Agency Costs
6. Business Structure and Diversification
7. Efficiency and Competitiveness
8. Summary and Concluding Remarks

Chapter 4. Role of S&T Institutions for Limited Catch-up :
Semi-conductor Industry
1. Introduction
2. Limited Catch-up in China’s IC Manufacturing
3. Innovation systems of Semiconductor Industry
4. Failure to Catch-up during the 1950s to the early 1990s
5. Limited Success from late 1990s to early 2000s
6. Changing Situations since the mid-2000s
7. Summary and Concluding Remarks

Part Two: Assessing the Catch-up in a Comparative Perspective

Chapter 5. Assessing China’s Economic Catch-up in a Comparative Perspective: Beijing Consensus, Washington Consensus, East Asian Consensus

1. Introduction
2. China and the Washington Consensus
3. The Beijing Consensus vs. East Asian Model
4. Challenges and the Evolution of the Chinese Innovation System
5. Summary and Concluding Remarks

Chapter 6. Catching-up and Leapfrogging in Key Manufacturing sectors:
A comparison with Korea
1. Introduction
2. Mobile Phone Industry
3. Telecommunication System Industry
4. Automobile Industry
5. Semiconductor Industry
6. Summary and Concluding Remarks

Chapter 7. Catch-up in IT Services and the Role of the Government
1. Introduction
2. The Role of the Government in Catch-up
3. Online Game Industry
4. Applied Software Industry
5. Concluding Remarks

Chapter 8. Huawei’s Leapfrogging to overtake Ericsson
1. Introduction
2. Huawei vs. Ericsson
3. Data, Methodology, and Hypotheses
4. Catching-up with Similar or Different Technologies
5. Catching-up with More Recent and Scientific Knowledge?
6. Summary and Concluding Remarks

Part Three: Prospects of Catch-up and Leapfrogging

Chapter 9. Possibility of a Middle-Income Trap in China
1. Introduction
2. Three Criteria to assess possibility of MIT in China
3. Innovation and High Education: Criterion One
4. Big Businesses: Criterion Two
5. Inequality: Criterion Three
6. Summary and Conclusions

Chapter 10. Thucydides Trap, GVC and Future of China

1. Introduction
2. Comparison of the Economic Size of the US and China:
The Thucydides Trap
3. GVC as the key linkage between the two traps
4. Mounting Challenges facing the Chinese economy
5. Conclusion: Will China Overcome the Triple Traps by eapfrogging?
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