China is trying to turn its labor, capital and resources intensive, lower added-value and export dependent growth into a sustainable innovative economy. This is changing the world’s power balance and has sparked a race between East and West in knowledge-based, high added-value economic innovation. Inspired by their extensive experience in doing business with China, the authors show how the US, the EU and China have reached a crossroad where ten battle fields decide about their future earning capacity and prosperity. Whether China will be a threat or an opportunity depends on the main players in government, public and private organizations rethinking their innovation policies and paths of business development.
This books offers a new view on innovation which can be applied by corporate leaders and policy makers to get ready for the future.
- Intriguing ideas for dealing with Innovative China for managers, politicians and academics
- Unique insight in both Chinese and Western decision making on high level in government and corporations
- Focus on creation of competitive advantage while dealing with the new trends of innovation and creating new firms and industries
- Written by authors with long term and top level hands on experience in academia and industry in China and Europe