This document discusses strategies for developing Hong Kong into a knowledge-based economy. It argues that Hong Kong should move beyond relying on basic requirements and efficiency to become innovation-driven. Developing a knowledge corridor between Beijing, Guangdong, and Hong Kong could maximize their combined strengths and complementarities. The document also examines innovation ecosystems in places like South Korea, Israel, and Europe that Hong Kong could learn from. It emphasizes that government has an important role to play in facilitating economic transitions through policies that support commercializing technology and knowledge-intensive SMEs.
The document discusses opportunities and challenges for Hong Kong's financial sector and knowledge-based economy. It provides an agenda for the Master the Money conference in Hong Kong in 2023 that will address these issues. Several speakers at the conference will discuss how Hong Kong can develop further as a competitive, innovative economy in the changing global and regional context.
Unlocking Chinese Innovation Power: A learning journey from low-cost manufact...Hora Tjitra
In the recent years China moves gradually from the factory of the world – famous for its very low-cost manufacturing ability -, into making more and more high-tech available for every consumer at a very low cost. How did Chinese firms managed the transformation from low-cost manufacturing into high-tech at low-cost production? Prof. Tjitra will present recent studies, analysis the innovation of Chinese firms in the IT industry, high-tech manufacturing as well as the Chinese small- and mid-sized Enterprises: how do they learn from imitating to innovating? what could be the factors behind the success of Chinese firms? what are the unique Chinese ways and strategies in these innovation process? what are the learning points from the Chinese cost-innovation approaches?
This document discusses Chinese innovation and provides examples of innovative Chinese companies. It begins with an overview of China's economic rise and examines frameworks for measuring innovation. It then analyzes China's national innovation policies and increasing patent filings. Case studies are presented on BYD, Haier, and QQ to illustrate different types of Chinese innovation, such as cost innovation through process flexibility at BYD and recombinative innovation at Haier. The document argues that while some Chinese companies copy foreign products, the constraints of competition and large market in China have also driven true innovation.
Internationalization Process of Chinese Enterprises (updated Sep 19, 2011)Hora Tjitra
Opening Keynote Speech at the 4th China Week for the Ohm Hochschule MBA Students in Hangzhou.
Internationalization Process of Chinese Enterprises - short introduction about China, (new) influences of China to the world, Chances and Challenges of Chinese Enterprises going Abroad.
Paper P001 (E) Session 9A: Business Sector in Hong Kong submitted to:
The Eighth Annual Conference of The Asian Studies Association of Hong Kong,
8-9 March 2013, The Hong Kong Institute of Education
The Role of IT in Supporting Vietnam Youth Entrepreneurshipijtsrd
This paper aimed to analyse the role of IT in supporting entrepreneurs in Vietnam. Our findings show that youth entrepreneurship in Vietnam face a number of hurdles in accessing IT services. Although a number of them have shown an interest in integrating IT into their business operations, however, most of them do not have enough resources to fully exploit IT opportunities. Other problems mentioned to confront youth entrepreneurship in their endeavour to access and use IT in their businesses is the lack of knowledge and skills on how to use computer, language and lack of time. Dr. Le Nguyen Doan Khoi "The Role of IT in Supporting Vietnam Youth Entrepreneurship" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31503.pdf Paper Url :https://www.ijtsrd.com/economics/commerce/31503/the-role-of-it-in-supporting-vietnam-youth-entrepreneurship/dr-le-nguyen-doan-khoi
The document summarizes an international alumni and students symposium on entrepreneurs, firms, and business membership organizations and their role in politics and development. The 3-day event in Leipzig, Germany included presentations on the role of entrepreneurs in economic and political leadership, cases of entrepreneurs in politics from different countries, the role of firms in economic policy and development, and initiatives for greater involvement of alumni and students. It provides an agenda with topics of discussion each day, including presentations, group work, and activities.
Our HK Foundation's report -- based on a draft provided by the Victor and William Fung Foundation through the work of Fung Business Intelligence Centre
The document discusses opportunities and challenges for Hong Kong's financial sector and knowledge-based economy. It provides an agenda for the Master the Money conference in Hong Kong in 2023 that will address these issues. Several speakers at the conference will discuss how Hong Kong can develop further as a competitive, innovative economy in the changing global and regional context.
Unlocking Chinese Innovation Power: A learning journey from low-cost manufact...Hora Tjitra
In the recent years China moves gradually from the factory of the world – famous for its very low-cost manufacturing ability -, into making more and more high-tech available for every consumer at a very low cost. How did Chinese firms managed the transformation from low-cost manufacturing into high-tech at low-cost production? Prof. Tjitra will present recent studies, analysis the innovation of Chinese firms in the IT industry, high-tech manufacturing as well as the Chinese small- and mid-sized Enterprises: how do they learn from imitating to innovating? what could be the factors behind the success of Chinese firms? what are the unique Chinese ways and strategies in these innovation process? what are the learning points from the Chinese cost-innovation approaches?
This document discusses Chinese innovation and provides examples of innovative Chinese companies. It begins with an overview of China's economic rise and examines frameworks for measuring innovation. It then analyzes China's national innovation policies and increasing patent filings. Case studies are presented on BYD, Haier, and QQ to illustrate different types of Chinese innovation, such as cost innovation through process flexibility at BYD and recombinative innovation at Haier. The document argues that while some Chinese companies copy foreign products, the constraints of competition and large market in China have also driven true innovation.
Internationalization Process of Chinese Enterprises (updated Sep 19, 2011)Hora Tjitra
Opening Keynote Speech at the 4th China Week for the Ohm Hochschule MBA Students in Hangzhou.
Internationalization Process of Chinese Enterprises - short introduction about China, (new) influences of China to the world, Chances and Challenges of Chinese Enterprises going Abroad.
Paper P001 (E) Session 9A: Business Sector in Hong Kong submitted to:
The Eighth Annual Conference of The Asian Studies Association of Hong Kong,
8-9 March 2013, The Hong Kong Institute of Education
The Role of IT in Supporting Vietnam Youth Entrepreneurshipijtsrd
This paper aimed to analyse the role of IT in supporting entrepreneurs in Vietnam. Our findings show that youth entrepreneurship in Vietnam face a number of hurdles in accessing IT services. Although a number of them have shown an interest in integrating IT into their business operations, however, most of them do not have enough resources to fully exploit IT opportunities. Other problems mentioned to confront youth entrepreneurship in their endeavour to access and use IT in their businesses is the lack of knowledge and skills on how to use computer, language and lack of time. Dr. Le Nguyen Doan Khoi "The Role of IT in Supporting Vietnam Youth Entrepreneurship" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31503.pdf Paper Url :https://www.ijtsrd.com/economics/commerce/31503/the-role-of-it-in-supporting-vietnam-youth-entrepreneurship/dr-le-nguyen-doan-khoi
The document summarizes an international alumni and students symposium on entrepreneurs, firms, and business membership organizations and their role in politics and development. The 3-day event in Leipzig, Germany included presentations on the role of entrepreneurs in economic and political leadership, cases of entrepreneurs in politics from different countries, the role of firms in economic policy and development, and initiatives for greater involvement of alumni and students. It provides an agenda with topics of discussion each day, including presentations, group work, and activities.
Our HK Foundation's report -- based on a draft provided by the Victor and William Fung Foundation through the work of Fung Business Intelligence Centre
1) The document discusses the shift from traditional science diplomacy to innovation diplomacy, as globalization has increased scientific and innovation collaboration internationally.
2) Innovation diplomacy involves assessing risks and opportunities across the entire innovation value chain when collaborating between countries. It also faces challenges of differing intellectual property regimes and incentives between public and private actors.
3) Countries are employing new approaches to innovation diplomacy, including funding collaborative R&D partnerships, policy dialogues, international institutional networks, and addressing global challenges through coalitions. However, formal innovation diplomacy strategies remain rare.
Transforming the Philippine Talent Value Proposition into a Competitive Advan...Alejandro Melchor III
The Philippines has one of the most attractive talent profiles in the world. One of Smarter Philippines' priorities is to translate that talent value proposition into an enduring competitive advantage.
Innoteque 2016 was an event organized in Bucharest and Cluj between October 5-7, 2016 by Impact Hub and Recognos. Participants made a series of recommendations for building an ecosystem of innovation and entrepreneurship in Romania.
Business and technological strategies of Chinese firms in the South of China:...Rigas Arvanitis
1. Guangdong province represents over 10% of China's GDP, exports, investments and consumer sales due to three waves of investment that drove industrialization since the 1980s.
2. Small and medium enterprises producing textiles, electronics and other goods form the industrial base of south China, though foreign direct investment is also significant. Local governments opportunistically support business development through infrastructure but provide little funding.
3. Proximity to Hong Kong was a major factor in Guangdong's growth, providing ports, transportation links and over 40% of foreign investment, but the model faces challenges from competition and lack of innovation.
New approaches in univesity-industry cooperation and Triple helix approach.Gints Turlajs
The document discusses university and industry cooperation using the triple helix approach. It proposes that closer cooperation is needed between business, education, and science to develop complex, knowledge-based products. This cooperation is important for building an innovative economy based on knowledge and new ideas. The "triple helix" model proposes a synergistic relationship among universities, industry, and the government to improve competitiveness and allow entrepreneurial universities.
ICT, R&D and Non-R&D intangible capital: complementary relations and industry...SPINTAN
This document discusses a study analyzing the relationship between intangible capital (ICT, R&D, and non-R&D), their complementarity, and productivity growth across European countries and industries from 1995-2010. The main findings are: 1) Faster growing economies invested more in intangible capital like ICT and non-R&D, while slower economies relied more on tangible capital; 2) ICT, R&D, and non-R&D intangibles contributed significantly to productivity in most countries, especially in manufacturing; and 3) Non-R&D intangibles showed a strong correlation with ICT, suggesting they are important complementary policy factors for productivity.
This study by the ESADE China Europe Club is the first report that aims to provide an in-depth analysis of this new sphere of economic and business relations between China and Europe.
Some highlights:
. The report also shows that the EU is the main destination of Chinese investment, which reached 26,768 million at the end of 2012.
. Spain ranks fourth in terms of the number of Chinese investment projects in Europe
. 85% of the Chinese investment in Europe is concentrated in Luxembourg, France, the UK, Germany and Sweden.
. Although Spain ranks fourth among European nations in terms of the number of Chinese investment projects (38), it only comes ninth in terms of the stock of direct investment. There are still relatively few Chinese companies (just 60) out of a total of some 12,000 foreign firms operating in Spain.
.Most of the Chinese companies operate in the upper reaches of the value chain and in high-tech such as: Energy, Information Technology, Information Technology and there are also Chinese companies in banking.
More details: http://esade.me/1pSuL5m
Innovation and creativity produce new technology, entrepreneurship turns ideas and innovations into manifest everyday practice. It can be argued that entrepreneurship is the process by which the future is created from ideas and innovations. This study unit will use the creation of a new venture as a method of entrepreneurship, so called Quasi-Enterprise model of Private-Public-Partnership. The course will simulate the development of a new venture through the creative practices of the participants. In the process key theories and ideas will be presented and discussed. The structure is designed to support the kind of learning required, a cognitive structure emphasizing key concepts, themes and intellectual abilities. The module covers some fundamental concepts and trends in research in the field. Linkages are made with innovation, creativity and foresight. The module then explores the processes of entrepreneurship in the discovery, evaluation, and the exploitation of opportunities. This follows a logical sequence from initial ideas and innovation through the emergence and evaluation of the opportunity into a planned and shaped activity and into the implementation process.
The document discusses the need to develop employability skills to address challenges of the 4th Industrial Revolution. It notes a hollowing out of middle-income jobs, rising inequality, and young people leaving school unprepared for the job market. Additionally, it states current education focuses too much on grades over life and thinking skills. The document proposes a program for schools involving mindfulness, emotional skills, and coaching to build self-esteem and resilience in students, teachers, and parents to create a sustainable culture of personal development.
The SPINTAN project proposes to measure public sector intangibles in the EU and other countries. It aims to 1) clarify boundaries and measurement of public intangibles, 2) build a database on public intangibles for 22 EU and other nations, 3) analyze the impact of public intangibles on innovation, well-being and growth, 4) study spillover effects to the private sector, and 5) study the impact of austerity policies. The project involves multiple work packages to achieve these goals and will provide analysis to improve policymaking.
FORMING CREATIVE TERRITORIAL (URBAN) CLUSTERS AS AN OPPORTUNITY FOR SMALL BUS...IAEME Publication
The article aims at studying the territorial (urban) clustering of creative activity in the European Union and its impact on the development of small business. An important aspect is highlighting features and differences of creative clusters in comparison with clusters in other sectors of economic activity. When considering this problem, special attention is paid to the study of the cluster policy features of the creative industries of the European Union, and formation of creative urban clusters in the EU countries
Funding of small scale development agencies in nigeriaAlexander Decker
The document discusses funding of Industrial Development Centres (IDCs) in Nigeria. IDCs were established by the Federal Government to provide assistance to small-scale businesses. The study assessed whether 12 selected IDCs across Nigeria's four zones received adequate funding to carry out their roles from 1990-1999. The results showed that each IDC received less than 50% of its required funding during this period. For example, in the North Central/Western zone, the three IDCs combined received 54.21% of their total funding requirement. To address inadequate funding, the document recommends IDCs diversify their sources of funding.
One belt one road insights for finland, Team Finland Future Watch Report, Jan...Team Finland Future Watch
The One Belt One Road initiative aims to connect over 60 countries through physical, commercial, cultural and other links. The "One Belt" refers to recreating old land-based Silk Road trade routes from China through Central Asia to Europe. The "One Road" refers to a maritime route connecting China to Southeast Asia, South Asia, Africa, the Middle East and Europe. The initiative aims to achieve policy coordination, build infrastructure to enhance connectivity, increase trade and investment, promote financial integration and foster better relations among participating nations. It is a high priority for China and is being organized through government agencies and ministries.
This document provides an update on research activities from October 2014 to June 2015 for the ERC Theme 1 on entrepreneurial ambition and growth. It summarizes publications, presentations, and ongoing research projects focusing on entrepreneurial motivation and aspirations among entrepreneurs, including migrants and how these relate to business growth. A key project involves a follow-up survey of over 500 businesses to analyze how growth ambitions have changed over time and their relationship to actual business performance. Preliminary results suggest ambitions are stable for most businesses but can be influenced by market conditions, and that higher ambitions are linked to innovation, investment, and growth. The document outlines plans for further engagement and research outputs in 2015.
Here are the top 3 themes that were identified during the vision session:
1. Sustainability - Leverage the Netherlands' strong tradition and expertise in sustainability, the environment (water/energy management), and developing green technologies, systems and policies.
2. Creative industries - Develop arts, creativity and culture as economic drivers. Position the Netherlands as a global cultural center.
3. Decentralization - Encourage decentralization across multiple levels including government, businesses, sectors like food/energy production, and new models like 3D printing.
The document provides an overview of Israel's economy in 2010. Some key points:
- Israel's GDP was $217 billion in 2010. Exports totaled $58 billion while imports were $59 billion.
- The industrial and hi-tech sectors are major drivers of Israel's economy, accounting for around half of exports. Major export partners are North America, Asia, and Europe.
- The economy grew around 4.6% in 2010 with low unemployment of 6.7%, continuing recovery from the 2009 recession.
The document summarizes statistics about the Israeli economy in 2011. It notes that Israel had a GDP of $218 billion in 2011 with GDP per capita of $28,575. The unemployment rate was 5.5% in the second quarter of 2011. Industry accounted for 21% of the business sector, with industrial exports making up 43% of industrial sales. The document also outlines strengths like rapid growth and export orientation, as well as weaknesses such as relatively low employment rates and standards of living.
1) The document discusses the shift from traditional science diplomacy to innovation diplomacy, as globalization has increased scientific and innovation collaboration internationally.
2) Innovation diplomacy involves assessing risks and opportunities across the entire innovation value chain when collaborating between countries. It also faces challenges of differing intellectual property regimes and incentives between public and private actors.
3) Countries are employing new approaches to innovation diplomacy, including funding collaborative R&D partnerships, policy dialogues, international institutional networks, and addressing global challenges through coalitions. However, formal innovation diplomacy strategies remain rare.
Transforming the Philippine Talent Value Proposition into a Competitive Advan...Alejandro Melchor III
The Philippines has one of the most attractive talent profiles in the world. One of Smarter Philippines' priorities is to translate that talent value proposition into an enduring competitive advantage.
Innoteque 2016 was an event organized in Bucharest and Cluj between October 5-7, 2016 by Impact Hub and Recognos. Participants made a series of recommendations for building an ecosystem of innovation and entrepreneurship in Romania.
Business and technological strategies of Chinese firms in the South of China:...Rigas Arvanitis
1. Guangdong province represents over 10% of China's GDP, exports, investments and consumer sales due to three waves of investment that drove industrialization since the 1980s.
2. Small and medium enterprises producing textiles, electronics and other goods form the industrial base of south China, though foreign direct investment is also significant. Local governments opportunistically support business development through infrastructure but provide little funding.
3. Proximity to Hong Kong was a major factor in Guangdong's growth, providing ports, transportation links and over 40% of foreign investment, but the model faces challenges from competition and lack of innovation.
New approaches in univesity-industry cooperation and Triple helix approach.Gints Turlajs
The document discusses university and industry cooperation using the triple helix approach. It proposes that closer cooperation is needed between business, education, and science to develop complex, knowledge-based products. This cooperation is important for building an innovative economy based on knowledge and new ideas. The "triple helix" model proposes a synergistic relationship among universities, industry, and the government to improve competitiveness and allow entrepreneurial universities.
ICT, R&D and Non-R&D intangible capital: complementary relations and industry...SPINTAN
This document discusses a study analyzing the relationship between intangible capital (ICT, R&D, and non-R&D), their complementarity, and productivity growth across European countries and industries from 1995-2010. The main findings are: 1) Faster growing economies invested more in intangible capital like ICT and non-R&D, while slower economies relied more on tangible capital; 2) ICT, R&D, and non-R&D intangibles contributed significantly to productivity in most countries, especially in manufacturing; and 3) Non-R&D intangibles showed a strong correlation with ICT, suggesting they are important complementary policy factors for productivity.
This study by the ESADE China Europe Club is the first report that aims to provide an in-depth analysis of this new sphere of economic and business relations between China and Europe.
Some highlights:
. The report also shows that the EU is the main destination of Chinese investment, which reached 26,768 million at the end of 2012.
. Spain ranks fourth in terms of the number of Chinese investment projects in Europe
. 85% of the Chinese investment in Europe is concentrated in Luxembourg, France, the UK, Germany and Sweden.
. Although Spain ranks fourth among European nations in terms of the number of Chinese investment projects (38), it only comes ninth in terms of the stock of direct investment. There are still relatively few Chinese companies (just 60) out of a total of some 12,000 foreign firms operating in Spain.
.Most of the Chinese companies operate in the upper reaches of the value chain and in high-tech such as: Energy, Information Technology, Information Technology and there are also Chinese companies in banking.
More details: http://esade.me/1pSuL5m
Innovation and creativity produce new technology, entrepreneurship turns ideas and innovations into manifest everyday practice. It can be argued that entrepreneurship is the process by which the future is created from ideas and innovations. This study unit will use the creation of a new venture as a method of entrepreneurship, so called Quasi-Enterprise model of Private-Public-Partnership. The course will simulate the development of a new venture through the creative practices of the participants. In the process key theories and ideas will be presented and discussed. The structure is designed to support the kind of learning required, a cognitive structure emphasizing key concepts, themes and intellectual abilities. The module covers some fundamental concepts and trends in research in the field. Linkages are made with innovation, creativity and foresight. The module then explores the processes of entrepreneurship in the discovery, evaluation, and the exploitation of opportunities. This follows a logical sequence from initial ideas and innovation through the emergence and evaluation of the opportunity into a planned and shaped activity and into the implementation process.
The document discusses the need to develop employability skills to address challenges of the 4th Industrial Revolution. It notes a hollowing out of middle-income jobs, rising inequality, and young people leaving school unprepared for the job market. Additionally, it states current education focuses too much on grades over life and thinking skills. The document proposes a program for schools involving mindfulness, emotional skills, and coaching to build self-esteem and resilience in students, teachers, and parents to create a sustainable culture of personal development.
The SPINTAN project proposes to measure public sector intangibles in the EU and other countries. It aims to 1) clarify boundaries and measurement of public intangibles, 2) build a database on public intangibles for 22 EU and other nations, 3) analyze the impact of public intangibles on innovation, well-being and growth, 4) study spillover effects to the private sector, and 5) study the impact of austerity policies. The project involves multiple work packages to achieve these goals and will provide analysis to improve policymaking.
FORMING CREATIVE TERRITORIAL (URBAN) CLUSTERS AS AN OPPORTUNITY FOR SMALL BUS...IAEME Publication
The article aims at studying the territorial (urban) clustering of creative activity in the European Union and its impact on the development of small business. An important aspect is highlighting features and differences of creative clusters in comparison with clusters in other sectors of economic activity. When considering this problem, special attention is paid to the study of the cluster policy features of the creative industries of the European Union, and formation of creative urban clusters in the EU countries
Funding of small scale development agencies in nigeriaAlexander Decker
The document discusses funding of Industrial Development Centres (IDCs) in Nigeria. IDCs were established by the Federal Government to provide assistance to small-scale businesses. The study assessed whether 12 selected IDCs across Nigeria's four zones received adequate funding to carry out their roles from 1990-1999. The results showed that each IDC received less than 50% of its required funding during this period. For example, in the North Central/Western zone, the three IDCs combined received 54.21% of their total funding requirement. To address inadequate funding, the document recommends IDCs diversify their sources of funding.
One belt one road insights for finland, Team Finland Future Watch Report, Jan...Team Finland Future Watch
The One Belt One Road initiative aims to connect over 60 countries through physical, commercial, cultural and other links. The "One Belt" refers to recreating old land-based Silk Road trade routes from China through Central Asia to Europe. The "One Road" refers to a maritime route connecting China to Southeast Asia, South Asia, Africa, the Middle East and Europe. The initiative aims to achieve policy coordination, build infrastructure to enhance connectivity, increase trade and investment, promote financial integration and foster better relations among participating nations. It is a high priority for China and is being organized through government agencies and ministries.
This document provides an update on research activities from October 2014 to June 2015 for the ERC Theme 1 on entrepreneurial ambition and growth. It summarizes publications, presentations, and ongoing research projects focusing on entrepreneurial motivation and aspirations among entrepreneurs, including migrants and how these relate to business growth. A key project involves a follow-up survey of over 500 businesses to analyze how growth ambitions have changed over time and their relationship to actual business performance. Preliminary results suggest ambitions are stable for most businesses but can be influenced by market conditions, and that higher ambitions are linked to innovation, investment, and growth. The document outlines plans for further engagement and research outputs in 2015.
Here are the top 3 themes that were identified during the vision session:
1. Sustainability - Leverage the Netherlands' strong tradition and expertise in sustainability, the environment (water/energy management), and developing green technologies, systems and policies.
2. Creative industries - Develop arts, creativity and culture as economic drivers. Position the Netherlands as a global cultural center.
3. Decentralization - Encourage decentralization across multiple levels including government, businesses, sectors like food/energy production, and new models like 3D printing.
The document provides an overview of Israel's economy in 2010. Some key points:
- Israel's GDP was $217 billion in 2010. Exports totaled $58 billion while imports were $59 billion.
- The industrial and hi-tech sectors are major drivers of Israel's economy, accounting for around half of exports. Major export partners are North America, Asia, and Europe.
- The economy grew around 4.6% in 2010 with low unemployment of 6.7%, continuing recovery from the 2009 recession.
The document summarizes statistics about the Israeli economy in 2011. It notes that Israel had a GDP of $218 billion in 2011 with GDP per capita of $28,575. The unemployment rate was 5.5% in the second quarter of 2011. Industry accounted for 21% of the business sector, with industrial exports making up 43% of industrial sales. The document also outlines strengths like rapid growth and export orientation, as well as weaknesses such as relatively low employment rates and standards of living.
Israel Opportunity 2008 Conference for International Investors in LondonEze Vidra
The document summarizes key economic indicators and trends in Israel from 2000 to 2008. It discusses Israel's GDP growth rate, inflation rate, budget deficit, public debt, exchange rates, current account balance, investment levels, and the performance of industries like manufacturing, high-tech, and financial markets. It also provides comparisons of Israel's engineering graduates and multinational company presence to other countries.
Keynote Speech on "The Israeli Economy: Current Trends, Strength and Challenges” @IRMC2016
For the full program and keynotes speeches please check http://www.therisksociety.com
The Israeli Economy: Fundamentals, Characteristics and Historic OverviewAssaf Luxembourg
This document provides an overview of the Israeli economy from the Ministry of Finance in Israel. It discusses Israel's transition to an advanced, innovative economy driven by sectors like high-tech and R&D. The summary discusses Israel's strong economic growth since its founding, with average annual GDP growth of 8.9% until 1973 and 3.8% since. It also notes Israel's resilience during the recent global economic crisis and its competitive positioning in various global indices. The document contains statistics and graphs on various economic indicators like GDP, trade, inflation, and government spending to illustrate Israel's economic development and present-day characteristics.
The document provides information about Israel's economy. It can be summarized as follows:
Israel has a diversified economy that relies heavily on technology and exports. While lacking in natural resources, Israel has developed a strong service sector focused on areas like software development. The economy has grown rapidly in recent decades through economic reforms and waves of immigration that increased the skilled workforce. However, conflict continues to negatively impact economic cooperation with neighboring states.
Israel has a population of approximately 8 million people, with 75% being Jewish and 20.7% Arab. Its major industries are high technology, agriculture, and diamonds. While historically reliant on imports, Israel has discovered natural gas fields and has become more energy independent. Israel has a growing economy with a GDP of $290 billion and GDP growth around 3%, though it still has public debt and unemployment challenges to address.
Economic History of Israel (1948 - Present)Gua Tabidze
The document summarizes the economic history of Israel from 1948 to the present. It describes how Israel transformed from a new state with few resources after its founding in 1948 to a modern, innovative economy today. Key events included an initial period of socialist policies and government involvement in the economy from 1948-1973, followed by a stabilization plan in 1985 that reduced government spending and debt and led to strong economic growth through privatization and development of high-tech industries. Israel now has a GDP of $281 billion and is known as a global leader in areas like research and development, entrepreneurship, and high-tech industries like cybersecurity.
LES FONDEMENTS DE LA START UP NATION : culture, education, high tech, innovation, venture capital, exits
Tout ce que vous devez savoir sur la Startup Nation
Slide presentation accompanying the paper titled: "Realizing Hong Kong's knowledge-based economy potential as part of a rising China" submitted to The Eighth Annual Conference of The Asian Study Association of Hong Kong, 8-9 March 2013
An academic paper on the practical aspects of innovation and technology implementation in Hong Kong. This paper suggests that a clearly stated strategy and implementation plan is needed for innovation and technology in Hong Kong.
This document discusses Hong Kong's role in supporting Mainland China's 12th Five Year Plan through innovation and technology. It argues that Hong Kong is well positioned to serve as a hub for commercializing research from Hong Kong, China and elsewhere due to its strengths in the rule of law, free flow of information, and ability to access Western technologies. However, Hong Kong will need to develop stronger coordination between universities, government and businesses to maximize these advantages and avoid relying solely on traditional industries. The document proposes establishing an Innovation and Technology Bureau to better link Hong Kong with China's innovation goals and initiatives.
By Gordon McConnachie and Alan K.L.Lung
Vol. 16 No.1 Spring 2013
Public Administration and Policy Journal
Published by Hong Kong Public Administration Journal and SPEED of The Hong Kong Polytechnic University
This document discusses Hong Kong's strategy to develop innovation and technology (I&T) by transforming into a knowledge-based economy, diversifying the economy, and increasing competitiveness. It outlines the government's role as a connector and facilitator rather than direct player. It highlights Hong Kong's strengths in universities, talent, location, legal system, and infrastructure. It also addresses challenges like traditional pillars facing competition and lack of private sector R&D investment. Key initiatives discussed include funds for research, startups, and better living, as well as stimulating private sector R&D and supporting I&T startups.
Innovation Policies and Places in China Korea Taiwan JapanBurak Oğuz
The document discusses innovation policies and clusters in China. It provides details on China's development zones, regional clusters, and policies to encourage technology development. Key points include China establishing 53 high-tech development zones, the growth of industries in regions like Shenzhen and the Yangtze River Delta, and China's focus on building competence through education, attracting FDI, and reinforcing technology development through national and regional policies.
A short summary of the academic paper titled: "The politics and specifics of knowledge-based economy implementation in Hong Kong" by Dr Gordon McConnachie, Alan Lung and Sharon Gal Or
Hong Kong has traditionally had a free trade economy but now needs to transition to a knowledge-based economy to sustain growth. While Hong Kong excels in basic infrastructure and financial markets, it lags in innovation and high education. To thrive in the future, Hong Kong must focus on high value knowledge industries and supporting all knowledge-intensive sectors through a horizontal strategy rather than picking winners. Hong Kong is well positioned to commercialize technology from China and connect Chinese and international companies due to its legal system, infrastructure and proximity to China. It should leverage these strengths to become a hub for the global knowledge economy.
This document discusses the social implications of developing a knowledge-based economy in Hong Kong. It examines how regions like Silicon Valley and the European Union have successfully created knowledge economies through supportive environments that encourage innovation. It argues that Hong Kong should continue innovating to transition from an export-dependent manufacturing center to a leading financial center. However, clear policy statements and allocated resources are needed from the government to develop a knowledge-based economy and provide new opportunities, especially for younger citizens.
TCI 2015 Exploration and Perspective of the Development of Chinese Hi-tech In...TCI Network
This document discusses the development of China's hi-tech zones and their role in promoting hi-tech industries and achieving industrialization. It outlines that China established its first hi-tech zone in 1988 and now has 146 zones. The zones have played a key role in China's economic growth, contributing over 10% of China's GDP. The document also discusses the experiences gained from developing the zones, including reforming policies, focusing on innovation, attracting global resources, and developing characteristic industries. It envisions the zones continuing to serve as platforms for regional innovation and building new industries through international cooperation.
InvestHK is the Hong Kong government department responsible for attracting foreign direct investment. It provides free and confidential services to help overseas, mainland Chinese, and Taiwanese companies set up and expand their businesses in Hong Kong. These services include providing market information and opportunities, facilitating business registration and visa applications, and helping companies launch and promote their Hong Kong operations. InvestHK aims to strengthen Hong Kong's position as a leading international business location in Asia.
Presentation made on 6 November 2012 at the "Beijing-Hong Kong Technology Cooperation and Investment Seminar" hosted by the Hong Kong Trade Development Council
Insight Report - Public Policy and Innovation Economic Analysis: Hong Kong 20...Good City Foundation
This document summarizes a research report on public policy and innovation economics in Tai Po District, Hong Kong. A group of 24 interns conducted research over 6 months, including literature reviews, field work, and discussions with stakeholders. The research examined challenges in Tai Po in the context of Hong Kong's plans to develop new industries like advanced manufacturing. Key findings and recommendations were produced. The summary highlights the background policy documents guiding Hong Kong's development and importance placed on Tai Po's role in innovation and supporting the Greater Bay Area.
The role of science, industrial and technology parksAntonio Sfiligoj
presented at UNIDO workshop "Fostering inclusive and sustainable local industrial development in Europe and Central Asia" Ljubljana Slovenija April 8 2014
UCC College of Science, Engineering and Food Science Annual Lecture Series. February 2012. Re-imagining Irish Innovation Policy: Reclaiming Innovation for Business
2017 HONG KONG STARTUP ECOSYSTEM TOOLBOX V2.0 WHub
W Hub has teamed up with the key players of the startup scene to create the ultimate Hong Kong Startup Ecosystem Toolbox.
Key Findings:
- Why choose Hong Kong to startup
- Exponential growth with 2,500+ startups
- Growing, diverse ecosystem (you would be surprised)
- Gap in funding
- Recent exits, IPO and money raised
- Community builders (62)
- Government support, universities, co-working spaces, incubators and accelerators
- Resources (talent corner, competitions and events)
SIXSeoul13 Day 1: What does social innovation look like in Hong Kong? - Ada WongSocial Innovation Exchange
The document discusses the growth of social innovation in Hong Kong in the early 2000s. It notes that prominent figures like Dr. KK Tse and Prof. Joseph Sung were catalyzing social entrepreneurship education. There was also a growing field of impact investors and interest from businesses to support social innovation. The Hong Kong government began supporting social innovation through a $500 million fund to alleviate poverty. It discusses the potential for Hong Kong to become a social innovation hub in Asia.
Similar to Miracles not needed, some small adjustments will do! -- 13 May 2013 (20)
This report presents the Human Freedom Index (HFI), a new measure of human freedom covering 152 countries. The HFI uses 76 indicators to measure personal, civil, and economic freedoms in areas such as rule of law, movement, religion, and size of government. Hong Kong, Switzerland, and Finland rank as the top three most free countries. The Middle East, Sub-Saharan Africa, and South Asia have the lowest freedom, while women's freedoms are least protected in those regions. Countries with higher freedom have significantly higher incomes. The HFI finds a strong correlation between freedom and democracy, though Hong Kong is an outlier with high freedom but not democracy.
This document discusses alternatives to the current democratic system in Hong Kong that could improve governance. It proposes establishing government-sponsored Future Centres, modeled after similar organizations in Europe. These centres would engage stakeholders in policymaking through research and civic participation. They aim to address issues like policy failures, lack of consensus building, and the government's limited capacity to solve complex problems. The document argues Future Centres could help re-establish public trust in government and alleviate irrational discussions in politics.
This document summarizes a report on crowdsourcing for democracy. It begins with an introduction stating that the report examines cases where crowdsourcing has been used in policymaking processes. It then provides definitions of crowdsourcing, explaining that it involves open online participation in tasks by an undefined group. The remainder of the report provides examples of crowdsourcing applications and analyzes its role and potential in democratic processes.
This document summarizes a report on the future of manufacturing. It finds that manufacturing relies on three pillars: factors of production, standards, and costs. Emerging technologies are transforming manufacturing through new waves of innovation. While offshoring and outsourcing have reshaped manufacturing, new trends toward nearshoring and reshoring are emerging as capabilities develop and input costs change. The report examines these trends and challenges in shifting the global economy.
This document discusses how population aging and increased longevity can create new markets and drive economic growth in the 21st century. It notes that major global companies have recognized aging as a strategic driver of commercial goals and a way to attract talent. While talk of "crisis" is common, many see aging as a powerful market opportunity if the right strategic framework is put in place. Both private sector innovation and supportive public policies will be needed to fully capture the opportunities of aging populations and create environments where people can enjoy long and active lives.
The document outlines 10 innovative urban solutions from around the world that address challenges facing cities. These solutions focus on principles like unleashing spare capacity, cutting demand peaks, small-scale infrastructure, and being people-centered. The innovations highlighted include (1) digitally re-programmable spaces that better utilize existing urban infrastructure; (2) an "Internet of Pipes" using sensors to monitor water networks and identify issues; and (3) using social networks for citizens to "adopt" and care for urban trees.
This document summarizes the history of trade policies used by developed countries during their early stages of development. It argues that contrary to popular belief, virtually no developed countries practiced free trade when they were developing. Instead, they actively promoted their industries through measures like tariffs, subsidies, and import restrictions. Specifically, it discusses how Britain promoted the wool industry in the 15th century and implemented policies like import tariffs and export subsidies in the 18th century to develop manufacturing. The document aims to debunk the myth that free trade led to development and argues historical evidence shows interventionist policies were more common.
The document summarizes five future centers located in the Netherlands that aim to promote innovation in the public sector. It describes each center's focus and goals. The Country House is a joint initiative between four Dutch ministries focused on tackling multi-sector issues. Mobilion serves as a prototype future center for the Department of Public Works & Water Management to address challenges in transportation and water infrastructure. The centers provide workspaces and facilities to encourage collaboration between civil servants and stakeholders on issues facing the government.
The report discusses international developments in IP trading and Hong Kong's position. Globally, IP trading is growing rapidly driven by innovation. The use and creation of IP is shifting towards Asia, especially China. China has overtaken the US in patent applications and leads the world in trademarks and industrial designs. Hong Kong has advantages as an IP trading hub due to its sound legal system, low tax regime, and position as a super-connector between China and the world. The report aims to develop strategies to promote Hong Kong as a premier IP trading hub.
Europe has experienced two fractures in its industrial landscape over the past decades. First, emerging economies like China and Brazil have greatly increased their manufacturing output and share of global production. Second, some traditional European industrial powers like France and the UK have seen declines in industrial employment and value added, while Germany and Eastern European countries have retained stronger industrial sectors. For Europe to maintain 15-20% of value from industry, it will need to invest heavily to transition to new digital technologies and production methods known as Industry 4.0.
This document provides recommendations for implementing Industrie 4.0, a strategic initiative to secure the future of German manufacturing. It outlines a vision of smart, networked manufacturing where cyber-physical systems monitor physical processes, create a virtual copy of the physical world, and make decentralized decisions. The dual strategy proposed is for Germany to become both a leading supplier of Industry 4.0 solutions and a leading adopter in its own manufacturing markets. Key priority areas for action include standardization, managing complex systems, security, workforce training, and increasing resource efficiency through smart networking of machines. The report compares Germany's position internationally and provides examples of potential Industry 4.0 applications.
China is promoting an initiative called the One Belt, One Road project that involves reviving the ancient Silk Road trade routes connecting China to Europe via land and sea. The project consists of the Silk Road Economic Belt focused on overland routes and the 21st Century Maritime Silk Road that connects sea ports across three continents from China to Europe. The map shows many of the countries and cities that would be connected through these modernized trade routes.
This document provides an overview of innovation systems and outlines key elements that contribute to successful national innovation systems, including assets, networks, and culture. It defines an innovation system as starting with inputs like human capital, financial capital, research institutions, and infrastructure that can lead to economic outputs through innovation, productivity, and prosperity if utilized effectively. The document emphasizes the importance of networks in linking these assets, including multidisciplinary collaboration, global connections, and partnerships between industry, academia, and other stakeholders. It also stresses the need for a culture that fosters entrepreneurship, creativity, diversity, and tolerance of failure. The goal of an innovation system is to facilitate the commercialization of new ideas and technologies across different fields in a way that
This document introduces the Digital Evolution Index (DEI) created by The Fletcher School at Tufts University to measure the digital evolution of 50 nations. The DEI analyzes six years of data on how countries are transitioning their citizens and economies to the digital future. Key insights from the index include understanding countries' regenerative capacities after the 2008 economic decline and how they are preparing for opportunities and challenges of increasing digitization. The DEI can help policymakers design strategies to boost digital competitiveness and help businesses identify patterns to inform their global expansion plans in the digital economy. While technology holds potential gains, countries and companies need strong policies and strategies based on understanding each nation's digital progress and environment.
This document is a report from the Russian International Affairs Council on the state of Russia's international science and technology cooperation. It provides an overview of key indicators of Russian science, including increasing research funding but decreasing personnel. It also outlines Russia's goals for using international cooperation to address issues in Russian science and boost competitiveness. Priority areas of cooperation identified include fundamental research, commercializing intellectual property, and attracting foreign investment. The report proposes organizational structures and policies to better promote Russia's interests in international science and technology cooperation.
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Miracles not needed, some small adjustments will do! -- 13 May 2013
1. It does not take a miracle
to turn Hong Kong into a Knowledge-based Economy
In Israel, they say,
if you do not
believe in
miracles you are
not realistic.
It does not take
a miracle to turn Hong Kong
into a Knowledge-based
Economy, some
small adjustments
will do.
(Source: Sharon Gal Or)
InnoTech
2. Realizing Hong Kong’s
knowledge-based economy
potential as part of
a rising Chinahttp://www.slideshare.net/AlanLung/realising-hks-knowledgebased-economy
Paper P001 (E) prepared by:
Dr. Gordon McConnachie
Former Technology Transfer Manager, Dow Chemical Europe
Founding Chairman of Scottish Intellectual Assets Centre and
Chief Technology Officer of Asia Pacific Intellectual Capital Centre
Mr. Alan Lung
Director & General Manager of Asia Pacific Intellectual Capital Centre
THE EIGHTH ANNUAL CONFERENCE OF
THE ASIAN STUDIES ASSOCIATON OF HONG KONG
P001 (E) Session 9A: Business Sector in Hong Kong
16.30-18.00 , Saturday 9 March 2013
Lady Ivy Wu Lecture Theatre, The Hong Kong Institute of Education
3. Zhejiang
University
Hangzhou
Beijing Academy of Science &
Technology
PECC Beijing Conference
Jinan University Guangzhou
Hong Kong SAR Government Office in Beijing
IPR2 Beijing Office
Hong Kong Science &
Technology Park
NDRC & SIPO Beijing
Links to Scotland, USA & Europe
EU in HK & Beijing
About:
4. John Tsang’s speaker
luncheon titled:
Hong Kong as a knowledge-
based economy and its role
in China's economic
development
(31 May 2010)
http://www.hkdf.org/newsarticles.asp?
show=newsarticles&newsarticle=272
Carrie Lam’s
speaker luncheon titled:
Policy priorities of this term of
Government - Population Policy
(4 February 2013)
http://www.hkdf.org/newsarticl
es.asp?show=newsarticles&newsarticle=324
5. HKSAR Government
targets economic
development
• “This Government places as much
emphasis on economic development –
both the speed and the quality of
economic development – as we do on
livelihood issues …”
• Tell me: “If Government could do
1,2,3,4,5 for us, then the following
will happen and this would be good
for Hong Kong’s economy and
therefore good for the Hong Kong
society …”
Chief Executive C.Y.Leung’s remarks at
The first meeting of the Economic
Development Commission
13 March 2013
http://www.news.gov.hk/en/record/html/
2013/03/20130313_121636.shtml?pickList=highlight
http://www.info.gov.hk/gia/general/201301/17/P201301170324.htm
6. Hong Kong has always been
about free trade …
THE BRITISH came ashore on Hong Kong Island in 1841 on a rising imperial tide. They worked
to create a bustling business community convinced that in trade … lay the future of their world.
“The Governors of HONG KONG “ by Russell Spurr
Sir Henry Pottinger,
First Governor of
Hong Kong
(1841-1844) and
Chris Patten, Last
Governor of Hong
Kong (1992-1997)
7. Hong Kong has always been about
land transaction revenue too!
Tea Act of the British Parliament and
the Boston Tea Party (1773) which
eventually led to the American War of
Independence (1775-1782) taught the
British not to impose extra-territorial tax
British Hong Kong original fiscal
foundation (since 1841):
•Trade and free port
•Opium related revenues
•Land transaction revenues
•Other revenues
Income tax was not introduced to
Hong Kong until 1947:
•Trade expanded
•Opium tax faded
•Land revenues remain
Source: The Foundations of the Hong Kong Revenue Regime, Civic Exchange report,
Prof. Richard Cullen and Antonietta Wong,Civic Exchange Publication, 2008
9. In a classical economy:
Factors of production:
• Land
• Labour
• Capital ($)
Intangible factors of production:
• Enterprise or Entrepreneurship
10. In a Knowledge-based Economy:
Factors of production:
• Creativity
• Innovation
• Wealth Creation
Complementary business assets:
• Manufacturing facilities
• Distribution capacity
• Sales force
11. Hong Kong does not
have any choice …
•As a high-cost economy, Hong
Kong must follow the examples of
OECD and EU in climbing up the
economic ladder;
•Hong Kong should try to
understand what it takes to build a
Knowledge-based Economy.
12. Rise of China … and finding
a new role for Hong Kong
• China does not want to
remain a low and mid-
end “assembler” of
goods;
• To get there, China can
make good use of Hong
Kong’s “soft power”:
rule of law/rule-based
society, general integrity
and trust etc.
13. Silicon Valley has a solid
industrial base:Strong manufacturing
capacity, R&D, creativity and presence of grateful
entrepreneurs … Steve Jobs used US$150 million
from Bill Gates to restart Apple in 1997.
Driving Hong Kong to
become a Knowledge-
based Economy is not
the same as central
economic planning …
14. Meso-economic: the political economy* and
how government chooses to use public resource
to drive economic development
(*rules, institutions, supporting systems and regulations)
• Andrew Sheng and Xiao Geng of
the Fung Global Institute caught the
attention of the World Economic
Forum :“The new economics: Meso
and Meta” http://forumblog.org/2012/10/the-
new-economics-meso-and-meta/
• “ … today’s mainstream micro-
and macroeconomic models are
insufficient”;
• “… Meso-economics studies the
institutional aspects of the
economy”.
15. Political-economy lesson from South Korea
From “Catch-up” to “Creative”
mode of economic development
• A key political economy lesson
Hong Kong could learn from South
Korea is an on-going policy shift
away from a “catch-up” mode to a
“creative” mode of development.
• Essentially, it is a shift away from
very focused support of “chaebol”
(large family-owned
conglomerates) to a focus on
strengthening the innovation
capacities of SMEs.
Top right: Korean women donating
gold to support a bankrupt Korean
economy in 1998.
Bottom: Students joining dock
workers strike in Hong Kong in
2013.
16. Hong Kong’s Innovation Eco-system?
• South Korea: KIST (Founded 1966), Ministry of Future
Planning and Science (2013, Park Geun-hye’s economic
liberalization and “creative” mode of development initiatives)
• Singapore: Economic Development Board, A*STAR,
IP Academy of Singapore (Since 1965, Lee Kuan-yew)
• Taiwan: ITRI (工研院), Hsinchu Industrial Park,
network of statutory bodies (Since 1973, Chiang Ching-Guo)
• Europe/Scotland: Lisbon Agenda (March 2000),
Enterprise Europe Network, EEN-Scotland
• Finland: TEKES, The Federation of Finnish
Technology Industries (Finland’s “Old Money” for new industries)
• Hong Kong: Innovation & Technology Bureau?
Under Secretary CEDB? Grateful entrepreneurs?
朴槿惠
李光耀
蔣經國
17. Innovation is more than R&D …
Innovation includes: organization
changes, training, testing, marketing and
design.
• New or significantly improved product: a
new process, or a new organsiation
method etc.
• Must contain a degree of novelty: new
to the firm, new to the market, or new to
the world;
• Clearly broader than R&D: influenced by
factors that include government policy;
can occur in any sector of the economy –
including government service, healthcare
and education.
18. Investing in technology alone?
• A policy of investing in technology
alone without knowing how to
extract economic value from it has
no future.
• Hong Kong must learn how to
manage its Knowledge Capital.
• Hong Kong must have a policy and
an Eco-system that support the
commercialization of technology.
InnoTech
19. Hong Kong as a bridge and gateway
Gordon McConnachie, CTO of APICC and major tech-transfer units from around the
world in Beijing (ITTN 2012 International Technology Transfer Conference, 26 March 2012)
AUTM (USA)
Tsinghua (China) Association of University
Technology Managers (USA)
Enterprise Europe Network
DG Enterprise and Industry, European
Commission (Marshall Hsia & Alan Lung in Beijing)
20. Lessons to be learnt from the
Oresund Region
• 1991: the governments of
Denmark and Sweden agree to
build the Oresund bridge
• 1999: The report ”Øresund –
the creation of a region”
concludes that the greatest
barrier to integration in the
Oresund region is lack of
communication between
citizens, businesses and public
administration
• 2000: The Oresund bridge
opens and Oresunddirekt is
launched
21. Historical relations between Denmark and Sweden
Historical relations between Guangdong and Hong Kong
This type of economic development is often based on:
Historical economic and cultural ties
that happen gradually over time
... but often with some degree of government facilitation
22. Hong Kong needs to be
“innovation driven”
not
“basic requirement”
or “efficiency” driven.
•Hong Kong’s Overall
Ranking: 9(+2) (China:29 (-2))
• HK is at “Stage 3” of economic development (i.e.
innovation driven) – along with Japan, Singapore,
South Korea and Taiwan
• Basic Requirements: 3(-2)
(institution, infrastructure, macroeconomics
environment, health & primary education)
• Efficiency Enhancers: 3(-1)
(of which HK ranks no. 1 in the world in
“Financial Market Development”)
• Innovation &
Sophistication Factors: 22(+2)
HK is below 0ECD’s average while China is improving steadily:
(China:31 (+3))
Hong Kong needs to be
“Innovation” driven,
not
“Basic Requirements” or
“Efficiency” driven
23. The proposed BJ-GD-HK Knowledge Corridor
Maximizes BJ-GD-HK’s External Economy of Scale
and integrates “Expertise Cluster”, “Regional
Cluster” & “Industry Cluster” policies
BJ, GD and HK on their own do not have
all the success factors needed to build a
“Silicon Valley” type of economy:
• Beijing: R&D is 5.5% of Beijing’s GDP
(4 times the national average);
50% of China’sTech-transfer;
• Guangdong: 37.7% of China’s high-tech
manufacturing export;
(Source: OECD Review of Innovation Policy – China, OECD 2008)
• Hong Kong: built on a tradition of free
market and ‘good law, well administered’;
HK uses English as a business language and
is seamlessly connected to
the West.
24. The proposed BJ-GD-HK Knowledge Corridor
A strategy for China to move from “Sustained
Development” to “Sustainable Development”
A strategy that combines European
expertise, China’s strengths in
science and technology and high-
tech manufacturing; and Hong
Kong’s service capacity to facilitate
economic transitions:
• China’s “Sustained Development”
(through investment by the State) to
“Sustainable Development” (through
values created from Technology
Transfer and Technology
Commercialization);
• Hong Kong’s narrow industry base
and over-reliance on the financial
and property sectors.
25. 產
業
政
策
A compelling economic reform
argument and a coherent
intellectual framework still missing:
Free Market Economy, rule of law,
freedom of information and the need to
develop high value-added industries
acknowledged by CY Leung; however:
•“Service Economy” or “Manufacturing”?
• Current status of “Six New Industries”?
•“Sector Neutral” or
”Sector Biased”?
26. Sir John
Cowperthawaite,
Financial
Secretary of
Hong Kong
17 April 1961 –
30 June 1971
John Tsang, Financial Secretary
(since 1 July 2007)
Sir John
Cowperthwaite
Financial Secretary
(1961-1971)
• In a free market economy,
government cannot predict the
winning industries and where the
next burst of economic growth
might come from.
• However, Hong Kong does not
seem to fully understand
Cowperthawaite’s philosophy as
one of the requirements of
“positive non-intervention” is
the “positive” part – that
government must not stand still
and must do as well as it possibly
could to facilitate.
• Indecisiveness and inaction is not
equal to prudent financial
management.
“Free Market”
versus
“Economic Planning”
27. Prof. LAU Siu-kai, former head of Central Policy Unit
(CPU), HKSAR Government at the environmental friendly Beitou
Public Library during CPU’s Study Trip to Taiwan, 27-30 June 2011
• “… Government’s role in economic
development has been changing since
the “Laissez-faire” days of
Cowperthwaite and Haddon-Cave”;
• “… people are unlikely to oppose
HKSAR Government’s economic
development initiatives”.
(Prof. Lau Siu-Kai’s closing brief to delegates of the
Taiwan Study Trip on 30 June 2011)
• Hong Kong has always thrived on
new way of thinking and doing – not
hanging onto past success.
“ HKSAR Government is
unlikely to be dogmatic
on the subject of Free
Market versus Economic
Planning ” Prof. LAU Siu-kai
28. Strategies of innovation:
“Eureka” – discovery of new frontiers of
knowledge is not necessarily the only strategy
• “Battle for Architecture”,
“System Breakthrough”, “New and
Improved”, “Mass Customization”
and “Pushing the Envelope” are
some of the alternative strategies.
• Assisting SMEs to acquire
knowledge, knowhow and
technologies and;
• assisting knowledge-
intensive SME start-ups will
have most support from the
community.
http://www.cae-acg.ca/documents/Dpliant_Innovation_Reinvented_v4.pdf
29. ICM Gathering* of the USA:
(*Intellectual Capital Management Gathering)
A group of ~ 30 companies, )sophisticated in the management of their intangibles. The
frameworks and methods for extracting value from intangible assets were created by the
companies themselves and not by academics or consultants
SMEs need to learn the “trade secrets” of MNEs
through industry-specific Knowledge-based
Economy Expert Groups (ICMGs)
http://www.slideshare.net/AlanLung/what-is-intellectual-capital-management-apicc-whitepaper-2
Dr Patrick
Sullivan
USA started in the early 1990s
30. The proposed BJ-GD-HK Knowledge Corridor:
Build “Expertise Clusters” in Technology-
transfer and Technology-commercialization
BTEC/ITTN in Beijing and APICC in
Hong Kong will jointly apply for
Enterprise Europe Network (EEN)
membership as EEN-Beijing and EEN-
Hong Kong in late 2013 (for approval
and implementation in 2014):
• EEN is the largest technology
transfer network in the world; EEN is
owned by the European Union;
• Enables Tech-transfer and Tech-
commercialization know-how to be
imported from Europe;
• EEN-Beijing and EEN-HK will receive
coaching from EEN-Scotland, a unit of
the Scottish Government.
31. Knowledge-based economy is a proven strategy …
not a novelty in OECD Countries
OECD acknowledges:
• The link between Knowledge-based
Economy and creation of high-wage and
high-quality employment;
• Productivity of developed economy is
largely determined by the rate of knowledge
accumulation and technical progress;
• The importance of government policy and
support systems.
(Source: The OECD Innovation Strategy: Getting a Head Start on Tomorrow,
OECD 2010)
32. Hong Kong: well placed in two-and-a-half of the
Four pillars of the Korean knowledge economy
• Economic incentive and institution
support: good economic policies and
institutions, efficient resource allocation that
support dissemination of knowledge ;
• An educated and skilled labour force:
willing to continuously upgrade and adapt itself
to create and use knowledge;
• An effective innovation system: of
firms, research centre, universities, consultants
and others to keeps up with global knowledge
system;
• A modern information infrastructure:
that facilitates effective communication,
dissemenatation and processing of information
and knowledge.
(Source: OECD Reviews of Innovation Policy:KOREA 2009)
33. Hong Kong: well placed in two-and-a-half of the
Four pillars of the Israeli knowledge economy
An analysis of the innovation eco-system of Israel
reveals essentially the same success factors as South
Korea’s innovation eco-system:
• Economic incentives and institutional support:
Hong Kong probably rates very quite well in the area of providing
economic incentives.
• Availability of financial capital and an effective
innovation system: Venture capital typically plays a very
limited role in Early-stage Technology Development Funding (ESTD)
around the world, particularly in Hong Kong.
• Supply of human capital: Hong Kong shortcoming is
compensated by Hong Kong's international outlook, links to Mainland
China under "One Country, Two Systems" and other skills in
commerce and finance.
• Access to information and a modern
information infrastructure: Hong Kong scores well in the
access to information factors. Press freedom, a liberal political
environment and use of English as the primary business language are
important but fairly under-rated competitive advantage.
(Source: “Building an Innovation Economy, Public Policy Lessons from Israel”, Jonathan Avidor,
Northwestern Law School and Kellogg School of Management, May 2011)
34. How’s Hong Kong doing?
How Israel and the rest
of the world are doing it
Left: Shimon Peres, former Israeli Prime Minister helping Shai Agassi of Better Place to close a deal with the
President of French automaker Renault-Nissan, Carlos Ghosn. Right: Peres with Zuckerberg of Facebook.
35. European SMEs are keen to use Hong Kong
as a gateway to do business with China …
“SMEs make up more
than 98% of all
companies in Europe …
more importantly, they
are considered the
chief source of
creative ideas and
technological
innovation …”
South China Morning Post 8 May 2013
Vincent Piket, Head of EU-HK & Macau and Simon Galpin, Head of
Invest Hong Kong (Page A4, South China Morning Post, 8 May 2013)
InnoTech
36. The 1,2,3,4,5 steps of
Knowledge-base economy implementation:
in reality a lot of work must start in Hong Kong first
Hong Kong needs to brand itself as a Knowledge
City and build an Innovation Eco-system:
1. Invest in and implement a “Fully Examined Patent System*”
in co-operation with SIPO** and the world’s IP systems;
(*Target implementation date according to IPD of HKSAR Government:2016/2017)
(**State Intellectual Property Office of China)
2. Support the business side of innovation – including the
expertise behind commercialization of technology;
3. Support all industries – not one industrial sector at the
expense of other sectors (the current practice of requiring
partially funded quasi-government agencies to compete
against private sector service providers should stop);
4. Liberalize the economy – learn how Europe (particularly
Finland) screen, incubate and support knowledge-intensive
start-ups through very open and transparent systems;
5. Have a clearly stated policy and co-ordinate the fragmented
support measures now offered through various government
and quasi-government agencies -- even in the absence of an
Innovation and Technology Bureau.
enterprise
china
network
37. “Hong Kong is losing its competitive edge…”
Beijing warns! Hong Kong disagrees!
“Development is the only
hard truth … only when the economy
continues to thrive will livelihoods improve.
Everything else is empty talk. Like a boat
sailing down-stream if it does not forge
ahead …” Politburo Standing Committee Member
Zhang Dejiang at a meeting with the
Business and Professional Alliance
in Beijing on 17 April 2013
Prof. Chan Ka-keung
Secretary for the Treasury
and Financial Services
disagreed … the city’s
advantages are in our own hands,
citing the legal system and
financial market.
Tom Holland of South China
Morning Post also
disagreed … far from losing its
edge, HK is more competitive than
ever ... the Chairman of NPC is
talking out of his hat on Hong
Kong’s competitiveness.
Who right? Who’s wrong?
What do you think?
Q&A:
38. The president has spoken … it now up to us,
but it will not be just implementation!
Support from
the Hong Kong
community,
from industries, consensus building, a clearly stated
policy and practical implementation support from
the HKSAR Government now needed.
“It’s the Implementation!”
Xi said Leung's policy idea, seeking change
while maintaining stability, has been widely
recognized by Hong Kong citizens. He urged
Leung and the Hong Kong SAR government
to fully implement the idea.
(18 March 2013 in Beijing)
Bill Clinton’s
widely quoted
1992 campaign
slogan:
“It’s the
economy
stupid!”
http://www.chinadaily.com.cn/china/2013-
03/18/content_16317997.htm
InnoTech
Thank you!
39. List of references:
References
1. “Hong Kong and the Knowledge-Based Economy: Developments and Prospects”,
Alan Ka-lun Lung, Asian Education and Development Studies, Vol. 1 Iss: 3,
Emerald Group Publishing 2012
http://www.slideshare.net/AlanLung/hong-kong-15789787
2. “Hong Kong’s Innovation and Technology Role in Mainland China’s 12th Five Year
Plan”, APICC Whitepaper #7, March 2011
http://www.slideshare.net/AlanLung/h-ks-innotechrolein125
3. “Policies and Practices for Hong Kong as a Knowledge Economy and the Proposed
Innovation and Technology Bureau”, APICC Whitepaper #8, July 2011
http://www.slideshare.net/AlanLung/innovation-technology-bureau-for-hk-2572011
4. “Proposed: Guangzhou-Hong Kong Knowledge Corridor”, Samson Tam Wai-ho,
China Daily Asia Pacific Edition, 6 July 2012
http://www.chinadailyapac.com/article/proposed-guangzhou-hong-kong-knowledge-
corridor
5. "Innovation Reinvented -- Six Games that Drive Growth", Miller and Cote,
University of Toronto Press, 2012
http://www.cae-acg.ca/documents/Dpliant_Innovation_Reinvented_v4.pdf
6. “The politics and specifics of knowledge-based economy implementation
in Hong Kong”, by Gordon McConnachie, Alan Ka-lun Lung & Sharon Galor
(unpublished APICC Whitepaper)
40. About the authors of
“Realizing Hong Kong’s knowledge-based economy potential as part of a rising China”
Dr. Gordon McConnachie, B.Sc., Ph.D
Dr Gordon McConnachie is the founding Chairman of the Scottish Intellectual Assets Centre (2003--
2007) and Chief Technology Officer of Asia Pacific Intellectual Capital Centre. He is a chemical engineer
by training and he spent most of his working career with Dow Chemical where he grew up together with
the innovation and technology transfer systems of the world as we know them today. At Dow Chemical
Europe (1989 - -1999), he invented the IP and Intellectual Assets Management System for the worldwide
company together with Phil Barnett and Gordon Petrash. The system was later modified and applied
across the global company, where Gordon transferred technologies from companies and universities into
Dow Europe which brought him into intimate contact with the EU Innovation Relay Centres (now
Enterprise Europe Network). From 1999 to 2002 Gordon directed the European Intellectual Asset
Management Services of PricewaterhouseCoopers. In 2009, 2010, 2011 and 2012 Gordon was placed on
the Global IAM 250 list of leading IA Strategists, one of only a handful of experts on the list from China
and the ASEAN Nations. Dr Gordon McConnachie can be contacted at: gmcconnachie@apicc.asia
Mr. Alan Lung Ka-Lun
Alan Lung Ka-lun was born and educated in Hong Kong. He was also educated at the University of
Wisconsin in the USA and Wilfrid Laurier University in Canada. He spent the formative years of his
working career with international advertising and public relations agencies, including an overseas
posting at Ogilvy & Mather Singapore. He now chairs the Hong Kong Democratic Foundation
(www.hkdf.org ), a political and public policy think tank founded in 1989. Alan is skilled in converting his
knowledge of governments and public policies into practical steps to move forward “Knowledge
Economy” initiatives. He is a member of the Innovation and Technology Advisory Committee of the Hong
Kong Trade Development Council (HKTDC) and he has been promoting innovation and technology
practices in Hong Kong, Guangzhou and Beijing through the Asia Pacific Intellectual Capital Centre
(www.apicc.asia) (where he is Director and General Manager), since 2006. Alan Lung Ka-Lun can be
contacted at: alanlung@apicc.asia