Jump to ContentJump to Main Navigation
China’s Technological Catch-Up StrategyIndustrial Development, Energy Efficiency, and CO2 Emissions$
Users without a subscription are not able to see the full content.

Michael T. Rock and Michael Toman

Print publication date: 2015

Print ISBN-13: 9780199385324

Published to Oxford Scholarship Online: January 2015

DOI: 10.1093/acprof:oso/9780199385324.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 October 2019

Modernizing the Aluminum Industry

Modernizing the Aluminum Industry

Chapter:
(p.115) Chapter 6 Modernizing the Aluminum Industry
Source:
China’s Technological Catch-Up Strategy
Author(s):

Michael T. Rock

Michael Toman

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199385324.003.0006

In 1978 China’s aluminum industry was small, technologically backward, and energy intensive. Over the next three decades China modernized by closing small, obsolete facilities and encouraging mergers to reap economies of scale and scope; increasing domestic competition and opening the industry to trade and foreign investment; and increasing energy prices and requiring enterprises to reduce their energy intensity. Most critically, though, the Chinese government reformed incentives and institutions to encourage enterprises to adopt state-of-the-art technologies. One important side effect has been a large and rapid decline in energy and CO2 intensity in China’s aluminum industry. This success has much to offer other countries in the early stages of their industrial revolutions. The Chinese experience highlights the need to put in place incentives and institutions that encourage enterprises to invest in building technological capabilities so they can reap the large-scale technique effects that lead to improved energy efficiency and increased productivity.

Keywords:   aluminum industry, technological capabilities, energy efficiency, market liberalization, state-of-the-art technologies

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .