英文摘要 |
The aim of this paper is to critique Giovanni Arrighi's 2007 masterpiece, Adam Smith in Beijing, in which he declares that the tremendous capacity of the Chinese market is predicted by Smithian principles. Arrighi et al. have also claimed that China will replace the US as the engine of the global economy. This view seems overly optimistic to us, given China's weak intangible assets in the twenty-first-century knowledge-based economy. An imagined debate between Schumpeter and Smith leads us to conclude that the Shanzhai (knock-off) handset industry allows the two savants to agree on an ideological compromise. Incongruously, intellectual property infringement allows Chinese handset companies to outperform foreign giants. Accordingly, we argue that the handset industry relies on innovation with Chinese characteristics as an alternative to economic development. |