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The Sources of Knowledge for China’s Economic Development

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  • Xiqing Zhu

    (Changsha University of Science and Technology, Changsha, China)

Abstract

The lack of knowledge, both technological and institutional, has been and continues to be, China’s main constraint during its transition from a planned economy to a market economy. Using illustrative examples, this article identifies two main sources of knowledge. The Shenzhen model opens a platform to acquire knowledge from abroad; the Wenzhou model reveals mechanisms by which knowledge is created internally. The two models represent different ways of regional experimentation, a unique method for knowledge creation and diffusion during China’s economic transition.

Suggested Citation

  • Xiqing Zhu, 2019. "The Sources of Knowledge for China’s Economic Development," Man and the Economy, De Gruyter, vol. 6(1), pages 1-6, June.
    • Handle: RePEc:bpj:maneco:v:6:y:2019:i:1:p:6:n:3
    DOI: 10.1515/me-2019-0004
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    References listed on IDEAS

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    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
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