New research by Fabrizio Zilibotti and coauthors demonstrates the importance of innovation-led growth in China, and shows that improving resource effi..
From imitation to innovation: Where is all that Chinese R&D going? EGC Research Summary, March 2022
Chinese investments in research and development (R&D) have burgeoned since the turn of the century, increasing more than tenfold in absolute terms since 2000 and reaching a high of 2.4 percent of GDP in 2020. As the world’s second biggest spender on R&D after the United States, China is certainly a force to be reckoned with on the global innovation landscape.
CAMBRIDGE In 1973, the British economist E.F. Schumacher published a book with the captivating title “Small Is Beautiful”, advocating the use in poor countries of human-scale, less capital-intensive technologies more suited to local conditions. The book sparked vigorous debate among economists in the 1970s and 1980s on “appropriate technology”.
CAMBRIDGE In 1973, the British economist E.F. Schumacher published a book with the captivating title “Small Is Beautiful”, advocating the use in poor countries of human-scale, less capital-intensive technologies more suited to local conditions. The book sparked vigorous debate among economists in the 1970s and 1980s on “appropriate technology”.