HKUST IEMS and IPP – EY Hong Kong Emerging Market Insights Series, 20 April 2016
Over the last century and a half, global technological leadership has shifted from Great Britain to the USA. In this talk, Prof. Naubahar Sharif argues that China is positioning itself to assume global leadership in technology within the coming few decades. He identifies three sources of competitive advantage for China’s ascent in the global technology stakes: its massive domestic market, its centralized power and willingness to employ state-sponsored industrial policy and government support, and the process of globalization that continues to transform markets worldwide. After acknowledging skeptical views of China’s capacity to achieve global technology leadership, Prof Sharif surveys the present state of affairs and assesses its prospects for growth. He further argues that the three sources of competitive advantage he explicates offer China a path to imminent global technological leadership. Furthermore, he demonstrates implications of such leadership for emerging markets policymakers and businesses in terms of the development of their technological markets and capacities.
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