Making Innovation Work for China and other Developing Countries

The video discusses China's development strategy, highlighting its focus on reforms and opening up, with less emphasis on innovation. Xiaolan Fu, a professor at Oxford, explains the transformation of industrial policy to include innovation. She notes that while China has grown through knowledge transfer, it now needs to focus on indigenous innovation to become a high-income country. Challenges such as lack of incentives and obstacles in innovation are discussed, along with the need for multidisciplinary research in the future.

What are the key components of China's development strategy as discussed in the text?

How has China's industrial policy transformed in recent years?

What challenges does China face in terms of innovation capacity?

What lessons can developing countries learn from China's experience with knowledge transfer?

In what ways does the text suggest that China can improve its innovation capabilities?