By Mok Ka Ho
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Extra resources for The Quest for Entrepreneurial Universities in East Asia
Sample text
Realizing the coming of the knowledge-based economy, these East Asian Tiger economies have begun to expand their higher education and invest in research and development. Being latecomers in the enterprise for innovation advancement, it is self-explanatory that they have not ranked well when compared to the developed economies. Quest for Innovation and Entrepreneurial Universities 21 Apart from the different stages of development that these Asian economies have experienced, the relatively lower international ranking in knowledge economy indexes and global competitiveness indexes is closely related to underdevelopment of a conducive environment for facilitating collaboration between the state, industry, and universities until recent decades.
2003), universities are encouraged to act in market-like ways, and therefore changes begin to emerge in funding, management, and function (Yang 2005; Mok 2006a; Hawkins 2005). Being unsatisfied with the conventional model along the lines of “state-oriented” and “highly centralized” approaches in higher education, coupled with the pressure to improve the efficiency of university governance, a growing number of Asian governments have recently tried to “incorporate” or introduced “corporatization” and “privatization” measures to run their state/national universities, believing that these transformations could make national universities more flexible and responsive to rapid socioeconomic changes (Mok 2006a; Oba 2006; Hawkins 2007).
For example, in recent years there have been increasing worries in the United States as to whether it will lose its competitive edge in innovation to other competitive economies, especially in regard to the shortfalls of nurturing local talent at home and attracting foreign talent from abroad (Florida 2005; Kao 2007; Porter 2008). For instance, amid the global financial crisis in late 2008, the management studies guru Michael Porter, renowned business scholar and author of the seminal book The Competitive Advantage of Nationss which elucidates the importance of human capital for nations to compete, wrote an article titled “Why America Needs an Economic Strategy” in Businessweek, urging the American government to devise sound policies for long-term economic prosperity.