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Myths and Realities of Innovative China the Case of Haier Company

Author

Listed:
  • Farrukh Nawaz Kayani
  • Saquib Yusaf Janjua
  • Babar Wasim

Abstract

It is well recognized phenomenon that innovations are a strategic weapon for economic growth and have played an important role in industrialization process of developing countries. Because of the conventional thought that China produces sub-standard goods; the term innovative China sounds like a myth. In reality China has made tremendous progress in producing innovated goods. To support this view, in this paper, we have thoroughly discussed the case of Haier Company. Haier is one of the very successful stories of Chinese companies which absorbed the foreign technology and climbed up the technological ladder. This case of Haier supports our notion of innovation philosophy behind success of world renown Chinese companies.

Suggested Citation

  • Farrukh Nawaz Kayani & Saquib Yusaf Janjua & Babar Wasim, 2013. "Myths and Realities of Innovative China the Case of Haier Company," Business and Economic Research, Macrothink Institute, vol. 3(2), pages 107-114, December.
    • Handle: RePEc:mth:ber888:v:3:y:2013:i:2:p:107-114
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    References listed on IDEAS

    as
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    4. Aradhna Aggarwal, 2007. "Impact of Special Economic Zones on Employment, Poverty and Human Development," Indian Council for Research on International Economic Relations, New Delhi Working Papers 194, Indian Council for Research on International Economic Relations, New Delhi, India.
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    More about this item

    Keywords

    China; Innovation; Case Study; Developing Countries; Haier;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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