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The new industrial revolution and industrial upgrading in China: achievements and challenges

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  • Khairy Tourk
  • Peter Marsh

Abstract

One recent development in the area of manufacturing is the New Industrial Revolution (NIR). This paper examines the contours shaping the NIR, and analyses the challenges facing China in its pursuit to achieve technological parity with advanced nations. China’s economic rise is strongly associated with its ascending the technology ladder. The country is now the world’s workshop. As the labour-intensive strategy based on cheap labour has run up against its limits, policy makers have devised plans that focus on industrial upgrading, promote indigenous innovations and establish national brands. This way China would avoid the middle-income trap and eventually become an innovative powerhouse.

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  • Khairy Tourk & Peter Marsh, 2016. "The new industrial revolution and industrial upgrading in China: achievements and challenges," Economic and Political Studies, Taylor & Francis Journals, vol. 4(2), pages 187-209, April.
    • Handle: RePEc:taf:repsxx:v:4:y:2016:i:2:p:187-209
    DOI: 10.1080/20954816.2016.1180769
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    Cited by:

    1. Cai-Xia Song & Cui-Xia Qiao, 2023. "Technology Importation, Institutional Environment and Industrial Upgrading: Evidence from China," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 71(1), pages 23-45, January.

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