Technology innovation of developing country in the context of globalization: a case study

In recent decades globalization has provided an opportunity window for developing country, which economy is booming at an amazing speed. Probed into the path of their development, the rapid economic growth starts from utilizing well-established technologies imported from developed countries, taking the "advantages of relative backwardness". This paper introduces a research exploring the evolution process of technology innovation of a typical Chinese equipment-manufacturing enterprise and elaborates the way to achieve late mover's advantage from imitation to innovation. Four stages are identified in the process, in which the essentials to enhance competitive advantage are analyzed separately. Forms to participate in global manufacturing, R & D capabilities and characteristics of innovation activities at different developing stages are examined to expand the process and mechanism of technology innovation in the environment of globalization. It also provides some perspectives for the technology catching-up of enterprises in developing countries.