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Published byClifton Perkins Modified over 9 years ago
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How to Become a Creative City? Stephen Yan-Leung Cheung City University of Hong Kong
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Content 1.The needs for innovation 2.How innovative Hong Kong is? 3.Ways forward
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Foundations of Past Successful Stable macro-economic environment More open economy High saving and investment rates Educated work force
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Changes Economic Role of China Sources of Growth
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Implications for Development Policy Innovations are needed How Hong Kong will cultivate creatively within our economy
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Knowledge Assessment Methodology (World Bank) Performance Indicators Economic Incentives and Institutional Regime Education and Human Resources Innovation System Information Infrastructure
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Basic Scorecard: Hong Kong (I) Source: World Bank: 2004 Knowledge Assessment Methodology
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Basic Scorecard: Hong Kong (II) Source: World Bank: 2004 Knowledge Assessment Methodology
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Knowledge Economy Index Source: World Bank: 2004 Knowledge Assessment Methodology
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Ingredients Human Capital Investment
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Ingredients Human Capital ( 才 ) Investment ( 財 )
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Human Capital 1.Education 3+3+4 Creative abilities Student participation Questioning Debate 2.Import talented people
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Research and Development Role of Government Role of private sector Role of universities Participation of intellectual property rights Incentives –Tax incentives –Competition China → Win-win situation
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International Evidence on R&D Expenditure Total R&D Expenditure Source: OECD, MSTI.
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Government Expenditure Source: OECD, MSTI. International Evidence on R&D Expenditure
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Private Expenditure Source: OECD, MSTI. International Evidence on R&D Expenditure
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“ People with ideas - people who own ideas - have become more powerful than people who work machines and, in many cases, more powerful than the people who own machines.” The Creative Economy, John Howkins
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