IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-46549-8_7.html
   My bibliography  Save this book chapter

The Knowledge Economy

In: The China Development Model

Author

Listed:
  • Dominique Rambures

Abstract

Devoid of raw materials, China developed processing industries before it turned to an economy of knowledge. Theory states that developing countries are supposed to go through three economic sectors of growth return: primary (agriculture, mining), secondary (manufacturing), tertiary (services), if not quaternary (digital economy) where the share of intellectual development is overwhelming. The service sector includes several types of activities: from the noodle soup vendor who has set up a shop around the corner, to the hi-tech company staffed with highly skilled manpower. Western countries that were increasingly moving towards a tertiary, if not quaternary, economy realized that a strong tertiary economy must be backed by a strong manufacturing sector. Most of them have undergone a ‘reindustrialization’ process by pulling back some of the manufacturing units formerly transferred to emerging or developing countries. China is working the other way around. Manufacturing industries account for an unusually high share of the economy. Therefore, salary increases must be compensated through increasing competitiveness. The policy of research and innovation is aimed at raising the added-value of Chinese output and the profile of the range of Chinese-made products.

Suggested Citation

  • Dominique Rambures, 2015. "The Knowledge Economy," Palgrave Macmillan Books, in: The China Development Model, chapter 6, pages 103-115, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-46549-8_7
    DOI: 10.1057/9781137465498_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-46549-8_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.