China's Technological Catch-Up Strategy: Industrial Development, Energy Efficiency, and CO2 Emissions by Michael T. Rock

China's Technological Catch-Up Strategy: Industrial Development, Energy Efficiency, and CO2…

byMichael T. Rock, Michael Toman

Hardcover | March 23, 2015

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Prior to 1979, China had a bifurcated and geographically-dispersed industrial structure made up of a relatively small number of large-scale, state-owned enterprises in various industries alongside numerous small-scale, energy-intensive and polluting enterprises. Economic reforms beginning in1979 led to the rapid expansion of these small-scale manufacturing enterprises in numerous energy-intensive industries such as aluminum, cement, iron and steel, and pulp and paper. Subsequently, the government adopted a new industrial development strategy labeled "grasp the large, let go the small."The aims of this new policy were to close many of the unprofitable, small-scale manufacturing plants in these (and other) industries, create a small number of large enterprises that could compete with OECD multinationals, entice these larger enterprises to engage in high-speed technologicalcatch-up, and save energy. China's Technological Catch-Up Strategy traces the impact of this new industrial development strategy on technological catch-up, energy use, and CO2 emissions. In doing so, the authors explore several detailed, enterprise-level case studies of technological catch-up; develop industry-wide estimatesof energy and CO2 savings from specific catch-up interventions; and present detailed econometric work on the determinants of energy intensity. The authors conclude that China's strategy has contributred to substantial energy and CO2 savings, but it has not led to either a peaking of or a decline inCO2 emissions in these industries. More work is needed to cap and reduce China's CO2 emissions.

About The Author

Michael T. Rock is the Samuel and Etta Wexler Professor of Economic History at Bryn Mawr College. He received his PhD. in economics from the University of Pittsburgh. Rock's published research focuses on East and Southeast Asia where he writes about the environment and economic development, industrial policy and development, and democr...

Details & Specs

Title:China's Technological Catch-Up Strategy: Industrial Development, Energy Efficiency, and CO2…Format:HardcoverDimensions:296 pages, 9.21 × 6.42 × 0.98 inPublished:March 23, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199385327

ISBN - 13:9780199385324

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Table of Contents

1. Introduction2. Conceptual framework3. China's Industrial and Technology Policies4. Breaking the link between production and CO2 emissions in cement (with Professor Cui Yuansheng)5. Saving energy and CO2 in iron and steel (with Kejun Jiang)6. Modernizing the aluminum industry (with Professor Wang Yanjia)7. Technological change in pulp and paper (with Yun Song)8. Determinants of energy intensity (with Professor Karen Fisher-Vanden, Yong Hu, and Professor Gary Jefferson)9. China's technological catch up industrial development strategy in comparative perspective10. Conclusions

Editorial Reviews

"China is the largest consumer and producer of energy in the world, and in China's Technological Catch-up Strategy, Michael Rock and Michael Toman give us an in-depth look at the energy policies, company strategies and their effects on pollution and technology acquisition in the Chineseindustries of Cement, Iron and Steel, Aluminum and Paper. A fascinating read for those interested in peering into the black box of Chinese industrial operations." --sha C. V. Haley, co-author, Subsidies to Chinese Industry: State Capitalism, Business Strategy, and Trade Policy