Moving China Up the Value Chain - Breznitz & Murphree in NY Times
Associate Professor Dan Breznitz and PhD Student Michael Murphree, authors of "Run of the Red Queen: Government, Innovation, Globalization, and Economic Growth in China," were interviewed in the New York Times.
The New York Times interviewed Dan Breznitz and Michael Murphree about their recent book, "Run of the Red Queen". They discuss how China should perhaps focus more on tweaking manufacturing and logistics, than creating breakthrough technologies and products.
Except from the article:
"The authors, both at the Georgia Institute of Technology - Mr. Breznitz as an associate professor of international affairs and strategic management, and Mr. Murphree as a doctoral candidate - say China has shown strength in process innovation and creating new manufacturing systems. Rather than trapping China in low-end manufacturing, they say, these capabilities will power the Chinese economy for years to come and eventually allow China to move up the value chain.
Indeed, they argue that the Chinese governmentâs push to compete with the United States and Europe on novel ideas and breakthrough products may be wasteful and inefficient, partly because of government interference but also and because China has not yet reached an advanced stage of development."
**The article continues on to interview both authors. Read entire article.
"Run of the Red Queen" abstract:
Few observers are unimpressed by the economic ambition of China or by the nation's remarkable rate of growth. But what does the future hold? This meticulously researched book closely examines the strengths and weaknesses of the Chinese economic system to discover where the nation may be headed and what the Chinese experience reveals about emerging market economies. The authors find that contrary to popular belief, cutting edge innovation is not a prerequisite for sustained economic vitalityâ"and that China is a perfect case in point.