Government’s Catalytic Role in Emerging Economy: Critical Comparison of China’s Conspicuous Strength in Wind and Solar Industry
No Thumbnail Available
Date
2013-04
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Chitkara University Publications
Abstract
In light of a conspicuous strength in China’s solar and wind industry in recent years this paper analyses the catalytic role of the government in inducing the institutional source of its strength. Critical comparison of the two industries show China’s renewable energy policies for wind industry was more effective than the solar industry through adopting a self-propagating functionality development through fusing the external technology with domestic industries know-how to co-evolve both production and diffusion through effective assimilation. This suggests a new insight for growing economy to devise effective policy framework to develop a globally competitive industry
Description
Keywords
Fusion, learning, global best practices, growing economy, global competitiveness