TITLE:
Whether Developing Country Can Achieve Remarkable Progress in the Global Market by High-Tech—Huawei Company as an Example
AUTHORS:
Zhenchuan Jiang, Xun Gong
KEYWORDS:
Developing Countries, High-Tech, Market, Huawei
JOURNAL NAME:
Technology and Investment,
Vol.10 No.3,
August
31,
2019
ABSTRACT:
With the development of international trade and the formation global value
chain, global economy increases rapidly and many countries can gain benefits
from it. However, the gap between the rich and the poor is becoming increasingly
sharp. Developed countries dominate the global trade and achieve the
majority of value chain. As a big developing country, China has developed to
the second biggest economy, and the biggest export volume country, but still
stays at the weak stage of the global value chain. Because in China,
low-value-end manufacturing is the dominating economic sector. In order to
achieve more value in global trade, China desires to update the business
model from traditional industries to emerging industries by developing
high-tech industries. It is widely believed that an increasing amount of Chinese
companies concentrate on R&D and innovation to gain advantage in the
new wave of global economy. Huawei, a remarkable Chinese high-tech company
which develops from a sale agent firm to one of the most innovative
companies in the whole world, will be presented in this paper to show the
importance of high-tech and updating industrial structure for a company and
countries.