Dr Wang Yuehan, a young Chinese scholar and author of Dragon Innovation: Shenzhen — Lessons for the West and Global South Countries from China's Leading Innovation Cluster, says three key factors are responsible for the success of Shenzhen's innovation cluster.
First, the utilization of special economic zone as a national pilot program to explore economic reforms and institutional innovations.
Second, the maximization of the role of local enterprises as market entities in international cooperation and competition.
Third, and the most important, the recognition of China's developmental realities at different stages in searching for a unique development and innovation path, both at the national and local levels.
Wang believes these factors provide valuable lessons for innovation efforts in Global South countries.
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