Innovation Policy and the Limits of Laissez-faire: Hong by D. Fuller PDF

By D. Fuller

ISBN-10: 023027336X

ISBN-13: 9780230273368

Hong Kong’s laissez-faire culture has crippled makes an attempt to transform it right into a extra knowledge-intensive financial system and it is a lesson with broad applicability. Many rising economies face innovation bottlenecks, yet even some more complex economies face related constraints and should enjoy the classes of its detrimental instance.

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Extra info for Innovation Policy and the Limits of Laissez-faire: Hong Kong's Policy in Comparative Perspective

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At the same time, global firms (including some from the PRC, such as Huawei) seeking academic research expertise in fundamental areas will look for universities in Europe and North America, unless Hong Kong universities can build their strengths in fundamental research. The current focus of the larger-scale research funding programs 20 University–Industry Collaboration operated by the ITC on applied research thus should be complemented by expanded support for longer-term research at the frontiers of knowledge, and such support should operate through competitive awards that are subject to peer review by international experts.

An IP Department (IPD) was established in July 1990 with three stated objectives: (a) to advise the Secretary of Commerce, Industry and Technology on policies and legislation to protect IP in the HKSAR; (b) to operate HKSAR’s trade marks, patents, registered designs and copyright licensing bodies’ registries; and (c) to promote IP protection through public education (IP Department, 2004). Poh-Kam Wong 41 With the return of Hong Kong to China and its formal designation as HKSAR in 1997, the various IP-related legislations prevailing in Hong Kong were updated.

Indeed, a central assumption of the “spin-off-focused” technology transfer, the belief that Hong Kong industry lacks the necessary “absorptive capacity” to collaborate with Hong Kong university researchers and/or hire technical degreeholders, is open to question. Data covering the past decade indicate considerable growth in industryfunded R&D investment within Hong Kong, and the Hong Kong Innovation Survey suggests that Hong Kong firms’ self-reported levels of collaboration with local universities may be comparable to those of Western European firms.

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Innovation Policy and the Limits of Laissez-faire: Hong Kong's Policy in Comparative Perspective by D. Fuller


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