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On Reform of Hong Kong’s Public Research Funding System

In: Innovation Policy and the Limits of Laissez-faire

Author

Listed:
  • Chintay Shih

    (Tsinghua University)

  • Shin-Horng Chen

    (Chung-Hua Institution for Economic Research)

Abstract

The Hong Kong government used to adopt a laissez-faire policy to promote economic development in Hong Kong, but since 1997 promotion of R&D and innovation has been given high priority on the policy agenda (ITC, 2004; Liu, 2008). In order to come to terms with the rising economic strength of Mainland China, some in Hong Kong, from both the private and public sectors, feel that Hong Kong needs to develop its own innovation and technology capabilities in a few fields in order to become an “innovation hub” in the region (Baark and Sharif, 2006; Hills et al., 2004; Sharif and Baark, 2008). In so doing, Hong Kong may be able to capitalise on the manufacturing muscle in the Mainland, the Pearl River Delta (PRD) in particular.

Suggested Citation

  • Chintay Shih & Shin-Horng Chen, 2010. "On Reform of Hong Kong’s Public Research Funding System," Palgrave Macmillan Books, in: Douglas B. Fuller (ed.), Innovation Policy and the Limits of Laissez-faire, chapter 5, pages 114-144, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30411-6_6
    DOI: 10.1057/9780230304116_6
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    Cited by:

    1. Xiaoke Zhang, 2020. "The institutional structuring of innovation policy coordination: theory and evidence from East Asia," Policy Sciences, Springer;Society of Policy Sciences, vol. 53(1), pages 101-138, March.

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