Paper tigers, hidden dragons : firms and the political economy of China's technological development
Author(s)
Bibliographic Information
Paper tigers, hidden dragons : firms and the political economy of China's technological development
Oxford University Press, 2019, c2016
- : pbk
Available at 2 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
-
Library, Institute of Developing Economies, Japan External Trade Organization図
: pbkAECC||620||P41954586
Note
Includes bibliographical references (p. [241]-269) and index
Description and Table of Contents
Description
China presents us with a conundrum. How has a developing country with a spectacularly inefficient financial system, coupled with asset-destroying state-owned firms, managed to create a number of vibrant high-tech firms?
China's domestic financial system fails most private firms by neglecting to give them sufficient support to pursue technological upgrading, even while smothering state-favoured firms by providing them with too much support. Due to their foreign financing, multinational corporations suffer from neither insufficient funds nor soft budget constraints, but they are insufficiently committed to China's development. Hybrid firms that combine ethnic Chinese management and foreign financing are the
hidden dragons driving China's technological development. They avoid the maladies of China's domestic financial system while remaining committed to enhancing China's domestic technological capabilities.
In sad contrast, China's domestic firms are technological paper tigers. State efforts to build local innovation clusters and create national champions have not managed to transform these firms into drivers of technological development.
These findings upend fundamental debates about China's political economy. Rather than a choice between state capitalism and building domestic market institutions, China has fostered state capitalism even while tolerating the importing of foreign market institutions. While the book's findings suggest that China's state and domestic market institutions are ineffective, the hybrids promise an alternative way to avoid the middle-income trap. By documenting how variation in China's institutional
terrain impacts technological development, the book also provides much needed nuance to widespread yet mutually irreconcilable claims that China is either an emerging innovation power or a technological backwater.
Looking beyond China, hybrid-led development has implications for new alternative economic development models and new ways to conceptualize contemporary capitalism that go beyond current domestic institution-centric approaches.
Table of Contents
Part 1: Setting the Stage
Introduction
1: The Framework
Part 2: State Policy, Firms and Upgrading Outcomes
2: California (and Hsinchu) Dreaming: China's Flailing Efforts to Replicate Technology Clusters
3: Paper Tigers: The Weakness of China's National Champions
4: State-driven Technology Commercialization versus the Globalization of R&D
Part 3: The Integrated Circuit Industry
5: IC Fabrication
6: IC Design: From Reverse Engineering to Innovation
Part 4: China in Comparative Perspective
7: China's Global Hybrid Model for Development under Globalization
8: Importing Institutions and Comparative Capitalism
9: China's Economic Future and the Future Role of Hybrids
Appendix: Interview List
by "Nielsen BookData"