[Update, Nov.7,2017] For photos of the events, please go to: https:
Doug Fuller Discusses His Book "Paper Tigers, Hidden Dragons"
Douglas Fuller's book provides an in-depth longitudinal study of China's information technology industry and policy over the last 15 years.
About the Book
China presents us with a conundrum. How has a developing country with a spectacularly inefficient financial system, coupled with asset-destroying state-owned firms, managed to create a number of vibrant high-tech firms?
China's domestic financial system fails most private firms by neglecting to give them sufficient support to pursue technological upgrading, even while smothering state-favoured firms by providing them with too much support. Due to their foreign financing, multinational corporation's suffer from neither insufficient funds nor soft budget constraints, but they are insufficiently committed to China's development. Hybrid firms that combine ethnic Chinese management and foreign financing are the hidden dragons driving China's technological development. They avoid the maladies of China's domestic financial system while remaining committed to enhancing China's domestic technological capabilities.
In sad contrast, China's domestic firms are technological paper tigers. State efforts to build local innovation clusters and create national champions have not managed to transform these firms into drivers of technological development.
This video is also available on the USCI YouTube Channel.
The USC U.S.-China Institute presents a book talk by Scott Tong and a unique perspective on the transitions in China through the eyes of regular people.