The article aims to show that both top-down and bottom-up perspectives are relevant to understanding innovative trends in Chinese capitalism. Top-down innovation concerns formal institutions and the institutional environment, while bottom-up innovation concerns society’s micro-activism in the economic sphere. Claiming that both types of innovation are to be found in China is not self-evident. In the public debate, an incomplete representation of the Chinese capitalism persists, as if it were a model following exclusively – or at least prevalently – the “low road”, thus exercising cost competition towards Western countries due to dirigiste choices. By contrast, it is a complex and strongly hybrid model. Coherently, the article will reconstruct how Chinese capitalism is forged by characteristic mixes of innovative and traditional elements, which offer hints for new research venues.
Innovazione, territori, istituzioni. Osservazioni sulla Cina
Luca Storti
2020-01-01
Abstract
The article aims to show that both top-down and bottom-up perspectives are relevant to understanding innovative trends in Chinese capitalism. Top-down innovation concerns formal institutions and the institutional environment, while bottom-up innovation concerns society’s micro-activism in the economic sphere. Claiming that both types of innovation are to be found in China is not self-evident. In the public debate, an incomplete representation of the Chinese capitalism persists, as if it were a model following exclusively – or at least prevalently – the “low road”, thus exercising cost competition towards Western countries due to dirigiste choices. By contrast, it is a complex and strongly hybrid model. Coherently, the article will reconstruct how Chinese capitalism is forged by characteristic mixes of innovative and traditional elements, which offer hints for new research venues.
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