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China as leading innovator, and as challenger to US hegemony?

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  • Wade, Robert H.

Abstract

To what extent has China over the past decade leapfrogged beyond ‘factory of the world’ (scaling up technologies developed elsewhere) to ‘leading innovator’ (starting up technologies developed at home to produce new-to-the-world products)? To what extent has China’s size, economic development, and geopolitical influence reached the point where it is challenging the US for hegemony? The essay gives a qualified ‘yes’ to the first question, a qualified ‘no’ to the second.

Suggested Citation

  • Wade, Robert H., 2025. "China as leading innovator, and as challenger to US hegemony?," LSE Research Online Documents on Economics 130253, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:130253
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    Keywords

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    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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