Technological innovation and development: prospects for China

China needs to enhance its sources of capital, accept competition at individual and enterprise levels, and reduce governmental influence in the management of technological processes. In addition, shifting scientific engineering norms to share information, more effective reward mechanisms for innovation, better staff support, and upgrading management capabilities would encourage technological development. On balance, these weaknesses are outweighed by the strong national commitment to technology-based economic development and the demonstrated economic accomplishments of the past decade. Barring the unlikely resurgence of radical leftist forces, the authors predict that China will significantly impact global markets for technology-intensive products by the year 2000.<
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