RESEARCH ON INNOVATION-DRIVEN DEVELOPMENT STRATEGY , COMPARATIVE ADVANTAGE AND INDUSTRIAL TRANSFORMATION AND UPGRANDING
DOI:
https://doi.org/10.23925/2179-3565.2019v10i2p146-152Keywords:
Innovation-driven development, Comparative advantage, Industrial transformation and upgradingAbstract
China is in the midst of a momentous economic transition from one of high-speed to high-quality growth. The industrial transformation and upgrading supported by extensive growth model that focused on ―quantity‖ has encountered bottlenecks. It‘s urgent to find a new model to promote new round of industrial transformation and upgrading. This paper, based on the current unbalanced industrial structure in China, analyzes the development strategy China has implemented since reform and opening up and its influence on industries. Conclusions are as follows: China has implemented an extensive forging ahead growth strategy that transcends comparative advantage. This has generated industrial structure deviations, longstanding factor price distortion, overcapacity and wave phenomenon and constrained industrial transformation and upgrading. Therefore, China should choose an innovation-driven development strategy that could unleash the potential of comparative advantage and drive industrial transformation and upgrading.Downloads
Published
2019-08-16
Issue
Section
Papers
License
This Journal is licensed under a Creative Commons Attribution-Non Commercial-No Derivers 4.0 International license.
1.The author (s) authorize the publication of the article in the journal;
2.The author (s) warrant that the contribution is original and unpublished and is not in the process of being evaluated in other journal (s);
3. The journal is not responsible for the opinions, ideas and concepts emitted in the texts, as they are the sole responsibility of its author (s);
4. The editors are entitled to make textual adjustments and to adapt the articles to the standards of publication.
