Shifting Gears in Innovation Strategy

Sponsored by Shorenstein Asia-Pacific Research Center


Monday, May 3, 2021
4:00 pm – 5:15 pm
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The six Asian countries examined in the new book Shifting Gears in Innovation Policy — China, India, Japan, Singapore, South Korea, and Taiwan — have achieved high economic growth in many industrial sectors, but the catch-up phase of their growth is over or ending. These countries can no longer rely on importing or imitating new technologies from abroad. Rather, they must develop their own innovations to maintain growth. The traditional industrial policy tools they often used to advance “innovation” by selecting promising industries and diverting resources to them are no longer effective. Indeed, governments in Asia have recently put forward new policies, such as China’s push for mass entrepreneurship and innovation. It is at this juncture that the authors of Shifting Gears reassess Asia’s innovation and focus on national strategies and regional cluster policies that can promote indigenous entrepreneurship and innovation in the larger Asia-Pacific. In this virtual book launch, contributing chapter authors join Yong Suk Lee to discuss their findings.

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