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Title: The knowledge economy in China and public-private partnerships of universities
Authors: Kaneva, Maria
Untura, Galina
Keywords: Knowledge economy -- China
Technological innovations -- Economic aspects
Technological innovations -- China
China -- Economic conditions
Public-private sector cooperation -- China
Universities and colleges -- China
Issue Date: 2014
Publisher: Governance Research and Development Centre, Croatia & University of Malta, Faculty of Economics, Management and Accountancy, Department of Insurance
Citation: Kaneva, M., & Untura, G. (2014). The knowledge economy in China and public-private partnerships of universities. Journal of Corporate Governance, Insurance and Risk Management, 1(1), 188-202.
Abstract: Since 1995 China officially adopted the Strategy of Revitalizing China through Science and Education to advance towards the knowledge economy. Our paper aims to access China’s progress using international indices of economic and innovation development (Knowledge Economy Index, Global Competitiveness Index, and Human Development Index). We also explore six types of public-private partnerships in innovation activities of the Chinese universities. They are: technology contracts, technology transfer, university-owned enterprises, joint research centers, independent colleges, and university-based science parks. For each partnership we study the role it played in intensification of research and education with an emphasis on government participation mechanisms. Based on the analysis of the official statistics the authors find that the progress of China to the knowledge economy is evident. China’s government played a leading role in the construction of the knowledge economy providing legislation basis and financing. Public-private partnerships in innovation activities in the universities in China significantly contributed to the technological development of the country and the country’s transition towards the knowledge economy. Studying successful experience of the public privatepartnerships in the Chinese universities is a first step to possible adaptation of this mechanism in other countries, including Russia.
ISSN: 2757-0983
Appears in Collections:JCGIRM, Volume 1, Issue 1, 2014

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