1.1 Explain the New Growth Theory and motivate how China may have leveraged the New Growth Theory's emphasis on innovation and technology transfer to become a global leader in sectors like telecommunications and e-commerce. 

 

1.2 China has been generally open to trade, and it has become one of the world's largest trading nations. Explain how that has helped China.

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11 New Growth Theory and Chinas Success in Innovation and Technology Transfer The New Growth Theory developed by economists such as Paul Romer focuses on the role of innovation and technology as drive... View the full answer