Journal of Shanghai University (Social Science Edition)

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The Role of Government in Disruptive Innovations and the Rise of Emerging Industries

  

  • Online:2018-05-15 Published:2018-05-15

Abstract: Innovations in emerging economies have attracted increasing attention from practitioners and academics. However, the role of the government has rarely been examined in the previous literature on disruptive innovation. The findings show that government policies in tune with the characteristics of innovation can accelerate technological development and the rise of emerging industries; and the government should foster disruptive innovation to realize an effective technological catchup. Based on the review of disruptive innovation related to government policies and models of the developmental routes of emerging industries, the study has practical implications for policy makers in making catchingup strategies as well as strategies of developing emerging industries during the period of economic transition .

Key words: disruptive innovations, electric bike, emerging industries, government policies, transition economy