Zhongguancun and China's High-Tech Parks in Transition: ““Growing Pains”” or ““Premature Senility””?

Asian Survey ◽  
2004 ◽  
Vol 44 (5) ◽  
pp. 647-668 ◽  
Author(s):  
Cong Cao
Keyword(s):  
Venture Capital ◽  
Role Models ◽  
Silicon Valley ◽  
Institutional Support ◽  
High Tech ◽  
Technological Capabilities ◽  
Role Of Government ◽  
Support For Innovation ◽  
Growing Pains

This essay examines the development of China's high-tech parks and, in particular, the challenges they have encountered. It concludes that lack of institutional support for innovation and the indigenous technological capabilities necessary to be competitive, unclear ownership, lack of venture capital, and the overwhelming role of government have impeded the efforts of China's high-tech parks to duplicate the success of role models such as Silicon Valley.

scholarly journals The Silicon Valley Syndrome

2019 ◽  
Author(s):  
Olav Sorenson ◽  
Doris Kwon
Keyword(s):  
Income Inequality ◽  
Venture Capital ◽  
Silicon Valley ◽  
High Tech ◽  
High Tech Sector ◽  
Tradable Sector

How does expansion in the high-tech sector influence the broader economy of a region? We demonstrate that an infusion of venture capital in a region appears associated with: (i) a decline in entrepreneurship, employment, and average incomes in other industries in the tradable sector; (ii) an increase in entrepreneurship and employment in the non-tradable sector; and (iii) an increase in income inequality in the non-tradable sector. An expansion in the high-tech sector therefore appears to lead to a less diverse tradable sector and to increasing inequality in the region.

scholarly journals The Role of Government Venture Capital Funds: Recent Lessons from the UK Experience

2019 ◽  
Author(s):  
Robyn Owen ◽  
David North ◽  
Ciarán Mac an Bhaird
Keyword(s):  
Venture Capital ◽  
Role Of Government ◽  
The Uk
Sign in / Sign up

Export Citation Format

Share Document