Publication Type

PhD Dissertation

Version

publishedVersion

Publication Date

11-2016

Abstract

After 33 years (1979-2011) of close to double digit average annual economic growth, the Chinese economy decelerated to a mid-high single digit growth of approximately 7% per year since 2012. The country is currently facing the typical economic transition challenge of moving from being a high-middle income to high income economy. In response to this economic transition, the government launched an industrial innovation program that corresponds to the 4th Industrial Revolution in 2015-Made in China 2025, hoping to stabilize and rejuvenate China’s growth momentum through innovation. This thesis examines the pre-conditions for the successful implementation of this plan using the three-levels analysis framework of neo-Schumpeterian Economics -micro, meso, and macro. The thesis examines the rationale of using neo-Schumpeterian Economics in the study, rather than the conventional Solow Model or any of its variants. It also discusses the advantages of using neo-Schumpeterian framework over the New Structural school promoted by prominent Chinese economist, Justin Lin. At the micro-level, the thesis looks at whether the country possesses the necessary human capital, entrepreneurship, innovation, and execution capabilities to implement the plan. For any new industries to succeed in a country, these factors are the necessary micro-level pre-conditions under neo-Schumpeterian Economics.

Keywords

4th Industrial Revolution, high speed rail, SIPO patent, neo-Schumpeterian analysis, Made in China 2025, WIPO patent

Degree Awarded

PhD in Business (General Management)

Discipline

Asian Studies | International Economics

Supervisor(s)

TAN, Wee Liang

First Page

1

Last Page

185

Publisher

Singapore Management University

City or Country

Singapore

Copyright Owner and License

Author

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