Keywords: Hong Kong, innovation systems, innovation policy, newly industrialising economies, NIE, tiger economies, East Asia, technology adoption, globalisation
The tamest of tigers? Understanding Hong Kong's innovation system and innovation policies
Using Hong Kong as a case study, this paper explicates the innovation system in a 'Tiger' economy that has been less successful in making up lost technological ground than neighbouring Tiger economies. The paper outlines two important sides of Hong Kong's innovation system: its strengths, characterised by a focus on flexible linkages, learning patterns, absorptive capabilities and exploitation of existing technology; and its weaknesses, characterised by fragmentation in its current innovation policy mix, which has adversely affected its success in innovation-intensive fields. We argue that this policy mix needs urgent remediation if Hong Kong is to pull even in introducing technology and innovation policies.