Western perception of China is that it is “closed, its firms are cosseted and their talent is for mimicry” (The Economist). In China, Google is replaced by Baidu, Facebook by Renren and Uber by Didi. This presentation introduces the importance of technological progress in creating long-term economic growth and analyzes China’s transition from technology mimicry to innovation.
China – The Next Innovation Hotspot for the World?
Updated: Sep 14, 2024
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