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China’s Race to Rise and Shine in High Technology

Author

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  • Sarmiza Pencea

    (Economic Development Models Departament, Institute for World Economy)

Abstract

This article looks at the nowadays heated competition for technological supremacy between China, a rising technological power, and the US, the current global authority in high technology and grand creator of new industries, innovative products, processes and services. It mainly addresses China’s race to not only catch up, but replace the current global leaders in research, development and innovation, in a huge national push to break the technological dependency on the US and on the other technologically advanced nations and, making use of all the available means, legitimate or not, to accelerate the nation’s progress towards self-reliance, self-sufficiency, the innovation-driven economy and to the final goal of reaching global technological dominance.

Suggested Citation

  • Sarmiza Pencea, 2021. "China’s Race to Rise and Shine in High Technology," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 9(1), pages 91-99, June.
    • Handle: RePEc:ntu:ntugeo:vol9-iss1-91-99
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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_010.pdf
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    More about this item

    Keywords

    China; high technology; research and development; innovation; RDI; technological competition;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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