POLITICAL ECONOMY OF DIGITALISATION AND (STATE) NEOLIBERALISM IN CHINA

POLITICAL ECONOMY OF DIGITALISATION AND (STATE) NEOLIBERALISM IN CHINA WITH SPECIAL REFERENCE TO 'MADE IN CHINA 2025'


Ramnath Reghunadhan / INSTITUT DE DIPLOMATIE PUBLIQUE

About the author:

Ramnath Reghunadhan


Member of the INSTITUT DE DIPLOMATIE PUBLIQUE















Abstract

The emergence of cyber-physical systems and digitalisation have but transformed the industrialisation process(es) as well as the global power politics. Currently, China is emerging as a leader in innovation with regard to technologies like the Internet of Things (IoT) related Industrial Revolution (4.0) and is in a transitionary period of integrating it into its manufacturing sector. It is estimated to have the largest growth rate in terms of spending on research and development for the new ‘Technological Revolution’ and is only behind the leading power USA. Recently, with the institutionalisation of ‘Made in China 2025’ strategy, China intends to incorporate the digitalisation process that could help achieve its goal to become a world superpower in manufacturing.

Ramnath Reghunadhan

POLITICAL ECONOMY OF DIGITALISATION AND (STATE) NEOLIBERALISM IN CHINA WITH SPECIAL REFERENCE TO 'MADE IN CHINA 2025'



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