Run of the Red Queen: China's Challenge to Stay at the Frontier of Global Technology
Run of the Red Queen: China's Challenge to Stay at the Frontier of Global Technology
Dr Dan Breznitz
7 March 2012
SMU Mochtar Riady Auditorium
Singapore
Since China's ascent to the position of the world's second-largest economy, conversations on its technological capabilities have swung between two views - as a remarkable triumph or an overhyped, insubstantial disappointment. However, neither is completely accurate, as they spring from a distorted comprehension of the dynamics within the global economy and China's intricately woven role within it.
In this lecture, political scientist Dan Breznitz injected a fresh perspective into the ongoing conversation by presenting a nuanced exploration of China's technological evolution and its journey toward fostering innovation. His exposition sought to transcend simplistic interpretations that tend to overshadow the different aspects of China's technological landscape.
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Innovation is just as important as mastering novel product invention in achieving sustained economic growth.
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China's swift ascent fuels globalisation and is a major factor in enabling firms to spread production and innovation globally.
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China's economic risk is internal; leaders prioritise novel product innovation for growth, neglecting other factors.