Description
The purpose of this paper is to review the evolution of policies and practices of innovation in China for the past 40 years. This is a review paper. It adopts a different multi-dimensional, qualitative methodology to examine China’s trajectory of innovation from the economic reform since 1978, highlighting “China” experiences in the developing innovation-driven economy, also pointing the challenges that China faces in this transition process and future prospects. The analysis of China’s innovation performance must be based mostly on secondary data from sources and institutions that use statistical data to build country rankings, such as the global innovation index and global competitiveness index.
It is found that the institutional foundations of the national innovation system in China are already being laid, and so far, China has made extraordinary progress regarding innovation performance from country to region and from business to individual. However, some critical challenges in its innovationdriven development still need urgent attention and effective efforts to reinforce them. This paper aims to fill the gap in the literature by providing an overview of the evolution of the policies and practices of innovation development in China since the 1978 economic reforms and explores the Chinese experiences in transforming into an innovation-driven economy.
This review should have the following structure in the exact order represented below:
-Introduction
-Research methods and data
-China’s aspiration for innovation
-The performance of china’s innovation driven development
-The characters of China’s Innovation process
-formulating successive policies to encourage innovation and planning stratigically.
-Giving space to the spontaneity of creativity and encouraging “grass roots innovation”
-invisible hand shaking the visible hand
-Engaging state owned and privately owned firms in collaborative innovation.
-The Chinese people and culture
-Discussions and policy implications
– Conclusions and research limitations.
Graphs, tables, charts, etc must be used to demonstrate points clearly were necessary
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