Tags:China, digital economy and windows of opportunity
Abstract:
The economic growth driven by industrial revolution (Schumpeter, Perez,1995,2017).The revolution opened with stages and new institutions and organizations (Miettinen,2014). Facing new industrial revolution, with trap of former institutional and technology regime, there will be new opportunity for catching countries (Liu et al 2019). In second industrial revolution, Germany and USA became the leading country by innovation of mass production and labs in enterprises. During the third revolution, Japan catches the opportunity to become the global IT leaders. The global flagship enterprises are Sony. Now, the fourth industrial revolution are kicking off and may give other countries the opportunity to leapfrog. China is one of the candidate countries.
The digital economy and Chinese opportunity for leapfrogging