1. Governing innovation-driven development under state entrepreneurialism in China.
- Author
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Zhu, Kan, Zhang, Fangzhu, Wu, Fulong, and Feng, Yi
- Subjects
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GLOBAL production networks , *INDUSTRIAL capacity , *TECHNOLOGICAL innovations , *PARK management , *CORPORATE finance , *PUBLIC institutions - Abstract
While global production networks stress the role of lead firms, state entrepreneurialism highlights the role of the state in governing innovation-driven development. However, there is a gap in understanding how the state institution configures and operates to achieve its strategic development goals. This paper fills this gap by examining market means of park management. It shows that Zhangjiang Science City in Shanghai reinvented its development agency – a park development corporation to mobilize finance and govern development. Jiangbei in Nanjing focused on coupling with a multinational lead firm – the Taiwan Semiconductor Manufacturing Company. Rather than thinking of innovation governance as state-commanded, we reveal they are market-based operations. At the same time, they extend the state capacities into industrial governance. • A timely study of governing economic development under geopolitical challenges and in innovation spaces. • Builds a conceptual framework to comprehend state strategies and market mechanisms for China's innovation-driven development. • Fills the gap in understanding how the state institution configures and operates to achieve its strategic innovation goals. • Contributes to state entrepreneurialism by focusing on how innovation as a political agenda is achieved by market means. • Rather than thinking of innovation governance as state-commanded, this paper reveals that they are market-based operations. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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