دانلود رایگان مقاله اقتصاد جدید نوآوری: استراتژی برای حمایت از SME های با تکنولوژی بالا

abstract

The purpose of this study is to explore the new economic challenge of China with regard to its innovation strategies to support high-tech small- and medium-sized enterprises (SMEs). In particular, the 12th National Economic and Social Development Plan was introduced to revolutionize the financial innovation system—opening border trade zones and increasing credit lending as well as risk capital for innovative businesses. 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) to catalyze trade expansion. The analyses provide policy insights that can be applied to strengthen Thailand's innovation system. The lessons learned 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 (NIS).

5. Conclusions

This study explores the new economic challenge of China with regard to its innovation strategies to support high-tech SMEs. The study also explores the institutional settings within the financial innovation system of China. The analysis is based on the NIS approach. The results show the country-specific configuration of interacting institutions to promote industrial technological capabilities. It is interesting to see that the public policy plays an important role in building an innovation system in China (government intervention policies). The analyses have shown weak links and interactions among institutions underlying the innovation system in the case of China. The study has also shown that the Chinese economy is mainly driven by the government intervention policies. The analyses of findings provide interesting insights on policy aspects and challenges of China's innovation system as shown in Table 4.