Implication of National Innovation System Essay

Implication of National Innovation System - Essay Example l the levels among the individuals and organizations and the governments usually have a major influence on the innovations via the finances that they avail and the developments of institutions of further learning that will impart the knowledge on the people. The governments then require an outline that covers the concepts and an experimental basis that will gauge if and how their contribution of the public policy to the total innovation of the nation could be made better than it is (Hertog,  P., Remà ¸e,  S., & Organisation for Economic Co-operation and Development, 2001, p. 4). China has made advancements in a lot of things and competes with the US in a number of sectors and also in the military innovations in that they have developed new ways in which their military personnel will get ready and fight in a war so that they win it in a way that is modern. They have also made strides in the development of hardware and software technology for their organizations and also for the individual consumer in a world of innovation that can either be slow or fast and these innovations can happen at the same time or in a specified sequence (Cheung, 2013, p.188). China’s government made a histrionic move in its foreign and economic policy in 1978 and this changed the way that people looked at it from the business point of view making it become a profitable destination for multinational establishments that are from other countries outside China and the international business researchers (Kau & Marsh, 1993, p. 124). The Chinese government employed the use of the foreign direct investment in the 90’s with the intention of stimulating the rate of economic development and the achievement in the attracting the foreign business to start there is in contrast to the their own state owned enterprises that are in debt (Chen,  2011, p. 145). Even though all this that is going on is good for the investors, the unique characteristics of these environment and the implications that will