Title: Strategies of remodelling China towards an innovation-driven economy

Authors: Jarunee Wonglimpiyarat; Pravit Khaemasunun

Addresses: College of Innovation, Thammasat University, Anekprasong 3 Bldg., Prachan Rd., Bangkok 10200, Thailand ' College of Innovation, Thammasat University, Anekprasong 3 Bldg., Prachan Rd., Bangkok 10200, Thailand

Abstract: This paper is concerned with China's strategies in remodelling itself towards an innovation-driven economy. In particular, the study is focused on exploring the policies and innovation strategies to support high-tech SMEs in China. The study has shown that the Chinese government has introduced many policy initiatives (government intervention policies) after the country joined the World Trade Organization (WTO). However, the country still needs policies to improve interactions among institutions within the innovation system. The analyses provide policy insights that can be applied to strengthen Thailand's innovation system. The lessons learnt from the study can also be applied to other emerging economies to use as policy guidelines in improving the efficiency of the national innovation system.

Keywords: China; innovation economy; high-tech SMEs; small and medium-sized enterprises; innovation policy; World Trade Organization; WTO; high technology; innovation strategies; government intervention; Thailand; emerging economies; national innovation systems; NIS.

DOI: 10.1504/IJBIR.2017.081400

International Journal of Business Innovation and Research, 2017 Vol.12 No.2, pp.175 - 188

Received: 30 Oct 2014
Accepted: 07 Dec 2014

Published online: 11 Dec 2016 *

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