Chasing Phantoms? Innovation policy, higher education and the pursuit of a knowledge economy in Hong Kong

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Abstract

This paper provides a critical account of the role of universities in the development of innovation and technology in Hong Kong.To do so, the paper examines the political economy of Hong Kong's innovation and technology development. It outlines a finance-led regime, under which the vision of long-term innovation initiatives is transformed into short-term finance events, and the development of an entrepreneurial culture in society and in universities is neglected. The paper also suggests that the current research funding system and the rise of managerialism in the higher education sector restrict the development of academic entrepreneurship, though universities play a significant role in the innovation system. The paper closes by examining the recent changes in higher education policy and governance, the intensification of integration with mainland China and their implications for prospects of advocating a culture of innovation and promoting innovation and technology in Hong Kong. Copyright © 2019 Association for Tertiary Education Management and the LH Martin Institute for Tertiary Education Leadership and Management.
Original languageEnglish
JournalJournal of Higher Education Policy and Management
Early online dateNov 2019
DOIs
Publication statusE-pub ahead of print - Nov 2019

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Citation

Lo, W. Y. W., & Tang, H.-H. H. (2019). Chasing Phantoms? Innovation policy, higher education and the pursuit of a knowledge economy in Hong Kong. Journal of Higher Education Policy and Management. Advance online publication. doi: 10.1080/1360080X.2019.1687268

Keywords

  • Innovation policy
  • Hong Kong
  • Finance-led growth
  • Academic entrepreneurship
  • Managerialism