Thursday, December 8, 2016 | 3:00pm-4:00pm | Room 335, HSBC Business School Building

Abstract

Dr Henry Chan will use the Neo-Schumpeterian framework to analyse China’s  successful localization of its high speed train industry. The Neo-Schumpeterian framework argues that innovation and technological progress (initially through acquisition) is the  a necessary pre-condition in establishing a new industry. This technology-centric industry development viewpoint is different from the traditional cost-benefit analysis using market as the driver of establishing a new industry or upgrading an industry. The presentation will highlight a new industry development model based on the experience of Chinese high speed rail industry.