Global Value Chains (GVC) are a channel for upgrading firm capabilities. Over the last four decades, China has rapidly grown as a result of participation in GVCs. It has become central to global production networks in many industries, accelerating the process of global diffusion of...

Cover -- Contents -- Acknowledgments -- List of Abbreviations -- Introduction: An Invention of My Own -- 1 The White Knight Avoided: Economic Reforms and Innovation for Growth in China -- 2 Rules of the Run: The Politics of China's Institutions of Innovation -- 3 Beijing -- 4 Shanghai -- 5...

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...