International Conference on Eurasian Economies

17-18 September 2013 – St. Petersburg, RUSSIA

Paper detail

Paper ID : 629
Status : Paper included
Language : English
Topic : Microeconomics and Entrepreneurship
Presenter: Asst. Prof. Dr. Farrukh Nawaz Kayani
Session : 7A Environment & Regional Economies

Allegories and Realities of Innovative China: The Case of Haier
Allegories and Realities of Innovative China: The Case of Haier

• Asst. Prof. Dr. Farrukh Nawaz Kayani (Hamad Bin Khalifa University, Qatar)

Abstract

It is well recognized phenomenon that innovations are a strategic weapon for economic growth and they have played an important role in the industrialization of developing countries during the last few decades. Because of the conventional thought that China produces sub-standard goods; the term innovative China sounds like a myth. But in reality China has made tremendous progress in producing innovated goods. To support this view, in this paper, we have thoroughly discussed the case of Haier Company. Haier is one of the very successful stories of Chinese companies which absorbed the foreign technology and climbed up the technological ladder. The innovation target of Haier is very ambitious: two successful intellectual patent applications every work day. By building this firm innovation foundation, Haier was able to aggressively enter and establish a repute in the global appliance market.

JEL codes: O31

Session 7A: Environment & Regional Economies