Abschnittsübersicht

  • In today's class we will ask ourselves how creative and how destructive is China's economy. The topic of discussion today is of course Joseph Schumpeter's 'creative destruction'; an endogenous growth model that places technological innovation at the centre of human progress. We will then investigate the role of Chinese SOEs in the country's national innovation system and ask ourselves, how creative are these giants of industry,  how are they protected from destruction and why? We will end today's class with a closer investigation of China Mobile and its struggles with productivity in an industry subject to continuous transformation.