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23 results

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The Demise of the Global ICE Industry

The Demise of the Global ICE Industry
  • China's Stunning Role in Leading the BEV Revolution
  • Arie Lewin, Martin Kenney, El (Emily) Shu, Liang Mei
  • Published online:
    22 October 2025
    Print publication:
    30 October 2025
    • Element
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      • Open access
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  • The precipitous growth of the EV industry in China and its rise to global leadership are astounding and could not have been predicted a decade ago. This growth was propelled by Chinese central government initiatives embedded in several five-year plans that directed attention to a vaguely defined idea of 'new energy' vehicles (NEVs). Bottom-up responses to these initiatives involved many new entrepreneurial startups, intense interprovincial competition, and local government support for NEVs. The surge of entrepreneurial startups enabled China to lead in production and technological innovation in this developing EV industry and led to the disruption of the internal combustion engine industry. The Element analyzes how the dismissal of Tesla as a curiosity led to China's global dominance in the EV industry and to batteries becoming the most important arena of global technological competition in the early twenty-first century. This title is also available as Open Access on Cambridge Core.
Private Equity and the Demise of the Local

Private Equity and the Demise of the Local
  • The Loss of Community Economic Power and Autonomy
  • Maryann Feldman, Martin Kenney
  • Published online:
    03 May 2024
    Print publication:
    23 May 2024
  • Capitalism is a powerful engine that requires finance. Private equity is part of the neoliberal transformation of capitalism that has failed the average citizen and unleashed a tsunami of leveraged acquisitions that have destroyed entire sectors of our economy. Private equity has become a powerful force that has moved from restructuring industrial firms to buying up just about any economic activity in local communities that has assets that can be monetized, without any consideration of the impact on the quality of life and well-being of the community. Th a process has been aided and abetted by government policy. The authors of this Element explain the workings of the private equity model and the reasons it has been so profitable. They document the effects of PE on firms and communities by examining a range of activities that once had a local focus. They conclude by offering policy recommendations.

  • Semiconductor Catch-Up Is Not Enough: Twigging the Context of China's Ambitions

  • Martin Kenney, Arie Y. Lewin
  • Journal:
    Management and Organization Review / Volume 18 / Issue 4 / August 2022
    Published online by Cambridge University Press:
    05 September 2022, pp. 816-826

  • The extensive narrative of growth and development of the information and communication technologies (ICTs) in China by Jiang and Murmann (2022) and the discussion of Chinese strengths and weaknesses portray the remarkable progress that China has made, especially in technology relative to advances in the basic sciences. In our response, we situate their contribution in the larger context of Chinese economic growth and the challenges it faces in transforming these accomplishments into an embedded national capability to become a leading innovation economy and thereby deliver prosperity to its enormous but aging population. The contexts for the successes and weaknesses in ICT that Jiang and Murmann (2022) describe so admirably are vital for a more comprehensive understanding of their place in the overall development of China.

  • Comment Upon History and the Debate Over Intellectual Property

  • Martin Kenney
  • Journal:
    Management and Organization Review / Volume 13 / Issue 1 / March 2017
    Published online by Cambridge University Press:
    08 February 2017, pp. 49-56
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  • The long historical view in Peng, Ahlstrom, Carraher, and Shi (2017), which discusses the issues regarding intellectual property rights (IPR) in China, is a welcome antidote to the overheated rhetoric in the public debate that characterizes China as a ‘pirate’ and slavish imitator. So, I thought that by engaging the paper obliquely, it might be possible to extend Peng et al.’s (2017) observations and conclusions. I will do this by contextualizing their observations about the history of IPR and then turn to the contemporary discussions of IPR and innovation in China.

  • 1 - China’s innovation challenge

  • Edited by Arie Y. Lewin, Duke University, North Carolina, Martin Kenney, University of California, Davis, Johann Peter Murmann, University of New South Wales, Sydney
  • Book:
    China's Innovation Challenge
    Published online:
    05 April 2016
    Print publication:
    14 April 2016, pp 1-31
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China's Innovation Challenge
  • Overcoming the Middle-Income Trap
  • Edited by Arie Y. Lewin, Martin Kenney, Johann Peter Murmann
  • Published online:
    05 April 2016
    Print publication:
    14 April 2016
  • The miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015. The two engines of growth - export on a scale never before witnessed and massive infrastructure investments - are reaching the point of diminishing returns. This poses the central question which is explored in this book - can China escape the middle-income trap? Assuming current political arrangements remain unchanged and that it does not or cannot adopt Western sociopolitical economic regimes, can China develop an indigenous growth model centered on innovation? This compilation gathers leading Chinese and other international scholars to consider the daunting challenges and complexities of building an innovation-driven Chinese growth model. Providing several comprehensive perspectives, it examines key areas such as the institutional system, technology, sociocultural forces and national policy. The analyses and their conclusions range from strong optimism to deep pessimism about China's future.

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