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Open Innovation and Improvement of China’s Competitiveness

In: The Competitiveness of Nations 1 Navigating the US–China Trade War and the COVID-19 Global Pandemic

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  • Feihu Zheng

Abstract

The past fifty years have witnessed the rise of China to become one of the world’s largest economies. China’s achievements rest in its unique path of socialist development, which emphasizes the dual role of the visible hand of government (fairness) and the invisible hand of the market (efficiency). It has also demonstrated the flexible adoption of open innovation not only in crossing the firm’s boundary but also spanning over national borders. Through the historical depiction of China’s economic development and strategic analysis of China’s macro policy and micro operational features, we find that a triangle governance mode can be used to represent China’s remarkable performance, behind which it conforms to the same logic of the ABCD model.

Suggested Citation

  • Feihu Zheng, 2022. "Open Innovation and Improvement of China’s Competitiveness," World Scientific Book Chapters, in: The Competitiveness of Nations 1 Navigating the US–China Trade War and the COVID-19 Global Pandemic, chapter 13, pages 271-288, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811261145_0013
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    More about this item

    Keywords

    National Competitiveness; Government Policy; Business Environment; Firm Strategy; Locational Advantage; Competitive Advantage; International Business; Coronavirus; COVID-19; Global Value Chain; US–China Relationship; Geopolitics; Fourth Industrial Revolution;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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