China's Innovation Economy

Artificial Intelligence and the New Silk Road

Jon-Arild Johannessen (Nord University, Oslo, Norway)

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English

Routledge
31 May 2023

Regional studies; Economic theory & philosophy; Economics of industrial organisation; Political economy; Research & development management

Series: Routledge Studies in the Economics of Innovation

Two trends will have more influence than anything else on the world’s future political and economic situation: the development of artificial intelligence and the emergence of China as a competitor to the United States on the international stage.

This book is about the emerging innovation economy. It uses systems theory and evolutionary economics as a theoretical point of departure and explains why the focal point of the geopolitical stage is moving away from the alliance between the United States and Europe, and towards an alliance between China, the 14 Regional Comprehensive Economic Partnership countries, the countries along the new silk road, and Europe.

The book argues that the globalization strategy of neoliberalism laid the foundation for the Chinese economic engine. Whereas the old globalization was driven by cost differences generally, and wage costs specifically, the new globalization is driven by divergence in competence in general, and technological competence in particular, and China’s primary goal is to develop artificial intelligence and intelligent robots. Further, the book posits that the interactions between the climate crisis and the new technology will change production, distribution and the creation of profits, both in China and more widely in the global innovation economy. The book develops a structure to describe, analyze and explain the Chinese innovation economy and contributes to the discussion regarding technological developments in China.

The book is written for readers who are oriented towards the new globalization that is emerging in the innovation economy and the factors driving China's economic growth.

By: Jon-Arild Johannessen (Nord University Oslo Norway)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 280g
ISBN: 9781032078779
ISBN 10: 1032078774
Series: Routledge Studies in the Economics of Innovation
Pages: 164
Publication Date: 31 May 2023
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

1. A theory that explains Chinese actions in the innovation economy 2. The Innovation Economy in China 3. China's Global Strategy in the Innovation Economy 4. From Innovation-Systems to Chinovation-systems

Jon-Arild Johannessen is Full Professor at Kristiania University College, Oslo, Norway.